Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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To: kapandji who wrote (343)	9/28/2021 8:03:47 PM
From: chowder	2 Recommendations Recommended By Cogito Ergo Sum INCOGNIT0$ Read Replies (1) of 22013

Often times my comments about ignoring valuations gets taken out of context. I don't buy at "any" price, there are valuations so high that I will wait. You have to understand my concept of value and compare it to what others see as value. Many people look at value as a price point, where I look at value as a price range. I know that analysts love to state, so and so is a buy under x amount of dollars, or so and so is a buy at the 50 day moving average or some such similar price point. Since the true value of a company is in the future, the true value of a company may be as much as 20% higher or 20% lower than the price point others may choose to select, so I will look at buying something within that price range. If the company had a good earnings report and then guided the numbers higher going forward, I don't have a problem paying up to a 20% premium of what people consider a good value price point. If the company is expected to do better I can't expect the share price to fall, I expect it to rise, thus I am willing to ignore valuation price points and buy within certain price ranges.

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