I'm getting myself into e-commerce. I know it's a constantly changing place and constantly growing. That's where I want to be.
World class company, tons of potential , whether it can be next Amazon that's too hard to say because we are talking about the most disruptive company of all time here. As for the stock, it has now entered a phase of "irrational exuberance". But with markets, you should never forget one thing - "markets can remain irrational longer than you can remain solvent"
A lot more rational response than just saying "overpriced".
“Irrational exuberance” means it’s overpriced
Bought the stock at $35 sold at $135. I thought it was high and overpriced but what do I know. Surprised to see at close to $300. The market the be irrational.
Overpriced, but can keep going up or staying overpriced for a very long time.
And amazon isnt?
Amazon is almost fairly priced. It’s PEG ratio is 1.1 which is average.