Impulse purchased Amazon stock today

[stephen902]

Yeah... 5k impulse when it hit 5% down. Anyone else ever done this kind of thing?

[bacchi]

I bought some UK/Euro bank stocks right after the Brexit dump. It turned out well.

It was .5% of my stock assets so no big loss if it didn't work out.

[ChpBstrd]

I used to try that sort of thing... kind of a "Dogs of today's financial news" strategy. It rarely turned out well for me. The outcomes seemed rather random, even as the overall markets were rising.

In Amazon's case, they are only down to where they were on January 25th and the P/E is still 223, so it's not like a 40% off sale.

I'd set a limit order for 2-4% above what I paid to see if I can catch a rebound.

[Roothy]

I have to stop myself from impulse purchasing more TSLA.  I own a few shares each of TSLA and GOOG--the only individual stocks I own.  I don't want to sell them (ever), but I know it doesn't make sense to buy more, as I own plenty of each in my index stock funds.

The feeling always passes, and I'm usually glad I didn't buy more.

[googily]

You bought the AMZN I sold. But I bought it at $45, so I decided it was time to take my 3000% ROI and head for the hills.