Gosh, I know I'd raise my target to $350 after it went to $230. Everyone would think I'm really ahead of the curve. ;}.
Re BVSN vs VIGN et al, it could be a signal that BVSN continues to go up, or that others are already overpriced.
"Fundamentalists" isn't a fair label for those trying to decide when a stock has peaked for the near term. Granted PE, PS, and any other new-world measure has to play some role, but you can't just say "great company, I'll hold it forever no matter what"
If a Porsche isn't a bargain today, and it's even more expensive at $300k, what does that say for your BVSN analogy? I'm glad you couldn't pass that up, but I don't see what your conclusion is -- that high priced items command a premium (any premium) and that Porsche's current price tag proves it? That BVSN is overpriced today and would be even more overpriced at $300K?
If BVSN opens at $230, you can bet that analysts will downgrade based on valuation. The more salient question, is will we see such downgrades at $70, $75, $85? |
