And it dip how many points at that time? How long did it trade sideways? It is the same again, maybe a little worse by the split and momentum players. You are playing options, which have a timeframe/prem. exposure. Far different than owning the stock. I made my play in the options arena (covered calls and puts) and raised some powder, while still holding my shares. As I recall Ibexx it moved from 50 to 88 then pulled back and sideways until the end of the year. 88 to 150, think it going to keep on up and split again this year? Earnings are pretty good and business is great, but at a trailing P/E of 200 or a forward P/E of 50? That a little too high, if earnings aren't growing at a faster pace. Then again it must be that new paradigm that everyone talks about.
Hey each to their own, if you want to buy at this level be my guest. I'm happy with the spinoff shares and the IPO shares I bot and still hold. Even if the stock dips into the 50's, I'm still far ahead of the game, plus I Might add to my position at that time. With LU trading as if it was a NASDAQ stock and getting treated as if it was a Yahoo (a whooping $.08 earnings, sends the stock up 15 pts???), I'll play the volatility.
It's forward PE is still too high for me to justify buying more shares, even with the fact that older switches have to be either updated or replaced for Y2K compliance.
Listen to me?? Ibexx I often tell folks to do their own homework and invest on their own decisions. If everyone reads cheerleading post and invest accordingly then they are subject to fall into the trap of the momentum players. Look how many switch out into Ericsson or the next split stock already. Made their quick kill and moved on to the next victim. Listen to me??? Alot of folks need to digest opinions for what they are, opinions. Seems they listen to you an awful lot or TV....... |
