Selling Amazon Stock? I'm Buying
Amazon's (NASDAQ: AMZN) first-quarter earnings release prompted some investors to abandon ship. On the day following the release, the company's stock price declined by over 14%. That sell-off led to a further sell-off across the broader market, especially tech stocks.
Investors in Amazon -- which is still showing signs of growth, albeit slower than in the past -- are likely wondering if the ship is still sailing along or is it starting to take on water?
The answer is probably a little of both, but there's no real worry that it's actually sinking. That bodes well for long-term investing sailors looking to climb aboard this ship at a discount. That's because Amazon's stock price drop may turn out to be a great buy-on-the-dip opportunity.
Source Fool.com
