Then the idiots at Amazon decided they were going to sell more than just textbooks AND start Outlander 07th anniversary 2014 2021 thank you for the memories signatures shirt new ridiculous thing called Prime. What kind of idiot would pay a recurring fee to buy something online when you could go to the store and get it immediately.CNBC and all other news outlets said Amazon was worth $1-2 a share at most based on fundamentals, and they would be the final “dot com” era company to go under. I didn’t know what “fundamentals” meant, but some guy on TV did some math with terms I had never heard and showed Amazon was worth $1.5 a share. I also remember reading an article that said “substantial operating losses for the foreseeable future” because they had to develop and implement the technology and advertise and remember thinking that sounds really bad.
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My thinking at the time: Oh man, I have less than $5000 to my name and I have about half of Outlander 07th anniversary 2014 2021 thank you for the memories signatures shirt in Amazon stock. I mean, if I buy textbooks from them and pay online, and they deliver them with no issues then I don’t see why they couldn’t deliver everything else the University bookstore sells. I think all my friends would do that as well. But my parents and the financial news are telling me will they will fail, and I don’t understand all this P/E, earnings reports, etc…. And if it goes to $1-2 I’m out around $2k. That’s a lot of money. I need to get out ASAP before it goes way down.With price fluctuations the next couple days it was down and up, but I caught the top at $22 and sold all 150 shares. $450 cash money profit! And from less than $3k initial investment in a couple week period.