Excuse me? Let's get something straight, I'm welll over 40 and this stock or should I say it's parent T, was the very first stock I bot and owned since 1970, still do. As a owner and long standing owner, IT'S OVER VALUED thanks to a bunch of momentum idiots that don't believe in anything but what is the darling of the moment and then jetison to leave the long term investor to wallow in the nonsense that they reap!
Now it's your money and YOU invest it anyway you want, but if I have $10,000 it won't be in LU! It's overvalued, it's earnings growth doesn't match it's PE. For the smuck that bot by calls that I wrote at 7 7/8 Monday and bot back at 2 3/4, thank you. For the momentum fool that bot my put's at 9 that I bot at 2 3/4, thank you. Want to turn a company into a mania that I own, I'll take your money!! Manipulate a stock that I own into the stratosphere, I'll take your money and still own the shares and at the same time, reduce my cost.
Lecture and cheerleader someone else about value investing, when the shine and hype wear off and the stock retreats to it's PROPER level, my cost will be far less and I'll still have a VERY profitable investment. |
