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| Amazon.com Soars High |
What's the deal with Amazon? With no clear explanation, their stock (amzn) continues to soar. On Friday Amazon reached a new high and the top appears no where in sight. While some analysts tend to lean more to buying into Amazon, others are skeptical. It's unusual success in this bearish market could be a positive sign for online powerhouse. Keep your eye on it and definitely add it to your watch list. However, for the small investor $218 per share is a little steep. If you are new to investing and you are starting off small, this may not be the way to go since $1,000 may only buy you about 4 shares. That means you only make $4 for each dollar (or point) the stock goes up. After the fees it would have to go up about $5 before you broke even. Brokerage companies such as etrade, or scottrade, ameritrade all range between $7-$10 a trade unless you are a power investor and you make over 100+ trades monthly.
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