Found an old AH post from 1997 that could be written yesterday, pretty funny:
ATHM chart seems to indicate that 18 is where the best estimate currently lies for intrinsic value. But if you're on the sidelines, you have to be betting that it will go to 10. If it will only go down to 18, you'll never get aboard. If it goes to 10, you'll never get aboard, because it will look so bad. If it started up on big volume would you buy at 24? These number games are useless. You should be glad that you can't accurately assess the value. When that can be done, 500 analysts are following the company which makes the price action well correlated to the Generals, the company is fully priced, the growth has slowed, the chart looks like AOL, and you should be looking to sell. In order to make money, you have to take risk, and that means it has to be uncomfortable. When you're comfortable, you gotta sell. Read yourself and succeed in investments.
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