It had a one day big drop in the DOW, 226 points of drop yesterday, due to sub prime spread over. Bill Gross came out and stated that the market should correct 5-10%. Meanwhile, AMZN reported a great earning (luckily, I didn't sold 1/2 position yesterday). It traded up 12% in the after market.
With stocks such as AMZN trading like this, I surely believe that the market is still in great bull run, and any dip is a good buying point. Due to the in certain condition of the market, I won't add new position at this moment. But in any weakness on the existing holding positions, addition position should be proper. Meanwhile, looking for an exiting point from AMZN today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment