I have a lot of AMZN that was acquired prior to the downfall (at ~$150). Mistakes were made and I am still holding them.
I don’t need the money right now, but I still perceive a lot of risk in continue to hold that many stocks from 1 single company.
What is the general sentiment around AMZN stock at the moment? Is everybody on a similar boat, holding the bag in hopes it comes back up? Or have you lowered your expectations already and not expect it to go back to high $150s level ever again?
I don’t expect it to ever go back to $150 levels honestly, so I am just thinking should I sell now and avoid it going down even further? Or do we have hopes it hits at least $115 or $120 so the loss is not so big?
Sorry for such an open ended question, but hope you can chime in with your perspectives please. Thanks!
[link] [comments] https://www.reddit.com/r/stocks/comments/1364iqz/help_what_do_i_do_with_amzn/
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