07-20-2011, 04:16 PM
Amazon has been a big performer for me. I bought at around $179 and they just peaked at $220. I sold when I was up by 20%. It kept going up, of course. I was warned against it early on because their P/E is so high but I think they're just going to keep getting bigger. I'm kinda hoping to see a little "bubble burst" action in which case I'll buy more. They keep diversifying in interesting ways, basically looking to become an "online superstore", I think. Music, streaming video, cloud storage, Android app store, and I hear they're getting ready to do an Android tablet? Hard to say how any of these ventures will pan out but the fact that they are staying active and looking for ways to expand is promising. (And the ways they are expanding generally seem smart. With such a large web presence, adding streaming video and cloud storage probably didn't cost them much, so I feel they're keeping a good eye on risk vs reward.)