Comments by "" (@mrpmj00) on "Apple Had 'Drop the Mic Quarter,' Wedbush's Ives Says" video.

  1. ___I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, ... ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery. Warren buffet quotes: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Love warren buffet's quote: We want to buy easy things...we don't have to prove our manhood by doing something terribly difficult (https://www.youtube.com/watch? v=xe8pPTHTqQE at 1:17 minutes)
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  2.  @PretentiousStuff  AMAZON: Yep, I bought a ton on the dip. Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock. ...With the Delta virus coming at full speed ahead, pandemic sales will make a comeback.
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  3.  @PretentiousStuff  Amazon is investing so much money, that no competitor will ever be able to catch up. My strategy is if Amazon keeps going down, I buy more to average cost down.. I buy using money on the sideline, then I sell other stocks that are up, then I sell other stocks that have lost less than Amazon's -7.5%. Most stocks that pop or drop hard usually recover 50% soon after. Amazon's not going anywhere so I know that eventually it will come back. Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)
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  4.  @PretentiousStuff  The problem about waiting for the stock market to tank 5%-20% is that while you are waiting, it probably went up by the same percentage so you're buying at the same price now as you would have months ago. And if the market doesn't tank, then you're buying higher. that's what they said last year and now those who stood on the sidelines are paying 60% higher because the market goes up in the long term! That's what those who stood on the sidelines in 2009 said and now it's 4-5 times more (or 450% return) because the market goes up in the long term!
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  5.  @PretentiousStuff  Wells Fargo donated ALL the processing fees ($400 million) for distributing the government checks during Covid19, whereas other banks kept it as profit. https://newsroom.wf.com/English/news-releases/news-release-details/2020/Wells-Fargo-Launches-400-Million-Small-Business-Recovery-Effort/default.aspx#:~:text= %E2%80%9CBy%20donating%20approximately%20%24400%20million,African%20American%20entrepreneurs%20and%20other
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