Amazon continues to thrill momentum investors. I am one of them.
You can’t overthink momentum and Amazon is the poster child of investors overthinking.
Amazon CANNOT be valued. Not in a bad way either. If you are short, consider for a moment the possibility that Amazon is where WalMart $WMT was in 1991, before it’s stock got going.
Two things will stop the $AMZN train. One is a deceleration in one of it’s expanding tentacles in a big enough way to overshadow the three revenue tentacles that appear quarterly. I doubt this happens in the next 3 years.
The other is a crisis of confidence. Maybe one starts tomorrow, but that’s a terrible thesis for standing in the way of the goodness.
PS – Special thanks to Paul Lamonica for not barfing at the sight of my belly at 2:45 in the video and my new personal sponsor Dunkin Donuts!