Amazon Makes New All-Time High

Amazon (AMZN) was certainly one of the stars of the tech bubble. The stock went from $1.50 in its May 1997 IPO to an intra-day high of $113 in late 1999. From there, the stock fell to a low of $5.51 shortly after 9/11.

So that’s the end of the story. We all learned that these tech stocks were silly and that no one should have bought them.

Well…not exactly. Check out a complete chart:

The stock broke out to a new all-time high today of $177.39. Even if you bought at the exact top 11 years ago, you’d still be up 57% today.

Of course, that would be after having watched yourself lose 95% of your money.

Posted by Eddy on November 24th, 2010 at 12:51 pm

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