Amazon spend a lot of money investing in one day shipping last quarter and it showed in their disappointing earnings. This earnings season I believe this investment will show and hopefully send the stock rallying back to $2000. trading at 80 times earnings is not a cheap stock but the risk to reward ratio is worth it for me. Additionally, the bull flag showing in the daily time frame is a big indication as to why im in the stock at the moment. Like always make sure to do your own research and decide where the best risk to reward ratio is.
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trading at 80 times earnings its not a cheap stock but the risk to reward ratio is worth it for me