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Thursday, May 25, 2017

Amazon (AMZN) and Google (GOOGL) near the $1,000 mark

Amazon (AMZN) and Google (GOOGL) are set to join the $1000 per share club. 

Amazon AMZN GOOGL $1000 stock price chart

Google stock chart GOOGL $1000


We last spoke of AMZN and GOOGL in our late April roundup of leading tech stocks making new highs

You can also check our 2013 post, "Amazon: Long-Term AMZN Charts and Thoughts", and revisit a time earlier in this bull market when the stock was trading near $350 a share. 

One of my great errors of omission (failure to act) was in not purchasing AMZN shares after writing this post. The share price continued to climb steadily (in fact, it has since tripled), confirming all the basic factors (retail dominance, AWS growth) laid out at that time. 

Now, I am slowly retraining myself to act on my analysis, even when it comes to buying very "high-priced" shares such as AMZN, PCLN, etc. As I remind myself lately, you don't need to take on a very large position, just buy a few shares and participate in the uptrend.