Author Topic: Impulse purchased Amazon stock today  (Read 1260 times)

stephen902

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Impulse purchased Amazon stock today
« on: April 02, 2018, 02:28:41 PM »
Yeah... 5k impulse when it hit 5% down. Anyone else ever done this kind of thing?

bacchi

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Re: Impulse purchased Amazon stock today
« Reply #1 on: April 02, 2018, 07:18:05 PM »
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

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Re: Impulse purchased Amazon stock today
« Reply #2 on: April 02, 2018, 08:48:33 PM »
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

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Re: Impulse purchased Amazon stock today
« Reply #3 on: April 03, 2018, 04:38:33 PM »
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

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Re: Impulse purchased Amazon stock today
« Reply #4 on: April 03, 2018, 08:59:09 PM »
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.