Wednesday, April 8, 2009

AMZN purchase

I've been wanting to hold AMZN (Amazon.com) for the past year. I almost bought a bunch at 50 back in November and probably should have since it really recovered well. I like what they are doing with EC2 (Cloud Computing) and think this is going to be huge. They are very well managed and I like their leadership so I fell like my money is safe. I made a 5% of my account purchase and may buy some more. The strike price was 76.32 and I'll put a stop in at 67.20.

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