Amazon

Remo,

Many thanks for your email and information.

I am about to start my SIPP, I've put everything in the house, up to now. I am 40, so some years left.

Please could people recommend shares, then I'll do some research?

I have been waiting for the drop to start it all off.

All these companies are great ,
Ideally you would wait for a 123 low formation…but some times they would be massive and you would have missed the low point.
But these companies , you could start taking part position at strong support levels , as they have all corrected loads already..
I actually have all these companies in my sipp now as they are world class companies for the long term..
Will add to my positions once I see a 123 low formation…
If a world class company has already corrected over 50% from its peak and the fundamentals are still the same, then you could take a small position in them. Obviously this is just based on fundamentals

I believe Amazon is around major support level, but if the DOW breaks towards the 38.2% fib, will it take stocks down further?

Microsoft, Nvidia, Apple etc are nowhere near major support.

How do you know when to buy.

Do we wait for the 1-2-3 low, or take part of a position?

What are people thinking?