The Long Investor

$AMZN TOP 20

Added 2023-11-01 14:23:42 +0000 UTC

People will talk about the stocks you miss but very little will be said about the stocks that have done exactly as you expect and in our case, made us a lot of money.

This is part of human behaviour too, it proves that losses affect us a lot more than the equivalent gains.

$AMZN's implied move after its earnings has hit exactly and we bought the dip here at $118 before the earnings because regardless of what was going to happen, we have committed to holding $AMZN for long term, so any market noise is irrelevant.

Thankfully the report did deliver as expected and we are up substantially here.

$AMZN was 30% of my portfolio before earnings and it has gained 14% since.

The price is also back to where it was in the middle of Sept.

Since the range has been hit now, I expect a pull back shortly for Subwave 2, this pullback is important and I have added in the white fib levels to watch for.

I fully expect to hear people giving out about $AMZN when it pulls back, as though a stock will only climb in a straight line.....we as a group need to ignore these people or if we can, do our best to teach them, these people will be part of every group, it is impossible to have a full group all on the same level, people react very differently in the same situations.

I am focusing more and more on just charts, fundamental analysis and commentary, it is up to the group now to moderate the chat group and if anyone is disrespecting anyone, including myself and my team, they will be blocked immediately, life is too short for this and nobody should accept that.