Comments by "" (@mrpmj00) on "What we're seeing today is overcapacity in the system: LoanDepot CEO" video.

  1. +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. 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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  2. 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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