Dumped more into AMZN late March … earnings today, will be on sale in am. Sweeping recent gains from travel stocks that tanked 45 days ago with COVID and will be dumping into AMZN in the am. 10 more shares while on sale …
With all of this COVID Scare, the market has been thrashed over the past 2 weeks. A month ago, a day +/- 100 would envoke emotion (elation/fear). Today, the new norm is a fluctuation of 500 – 2000 points. It’s crazy – and people have been panicking. Panic is the word – the lever, the ‘GO’.
“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” — Warren Buffett
“You make most of your money in a bear market, you just don’t realize it at the time.” — Shelby Cullom Davis
This is literally a once-in-a-lifetime market. Tomorrow, I get my annual bonus. I have been waiting for this, doing due diligence over the past 2 weeks. I will be increasing my MSFT and AMZN holdings bigly, as well as adding some additional tickers to my portfolio – relative to travel and hospitality.
Hell – practically everything is on sale right – a BOGO event, if you will.