I'm Buying More of This Stock Before It's Too Late
Stock market sell-offs open up significant opportunities for long-term investors as many stocks are sold off just because of their short-term outlook. As a result, patient investors can scoop up many of the world's greatest businesses at a discount right now, as long as they have the mindset to hold for at least three to five years. In fact, this philosophy is one of Warren Buffett's fundamental tenets, saying to be greedy when others are fearful.
One stock that has significantly sold off is Amazon (NASDAQ: AMZN), and I've been increasing my position due to its weakness. However, I think the company still has a ways to go before reaching its peak, and investors should scoop up some shares before the market comes to its senses.
Amazon has become much more than an e-commerce company. Its Amazon Web Services (AWS) cloud computing division is an absolute monster. AWS is the market leader by a long way in the $203.5 billion cloud infrastructure market.
Source Fool.com
