Stocks7 Comments

I added to my position in AMZN today after hearing the news:

Google Editions brings “open ecosystem” to ebook market

The markets were down 2-3% today while AMZN dropped 5.48% on that weakness and this news. I just don’t see the downside. Google will come into the space but they will not dominate. They haven’t dominated anything that is secondary to them. They will merely raise awareness.

AMZN continues to be the big player. Most of the people I hear from are buying books on the Kindle software on the iPad because the titles they want are not available in Apple’s bookstore. There is multiplatform for you right there. Plus, I am sure that the next Kindle will be more interesting yet competitively priced against the iPad. Of course, I own AAPL too.