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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Ilaine who wrote (11933)11/30/1998 5:34:00 AM
From: accountclosed  Read Replies (2) of 86076
 
Coby, you listed three great companies that basically no one debates whether they are great companies.

In your mind, does "great company" status accord a stock exemption from being too high? Putting it another way: Let's say somehow we agree that csco is a buy (or hold or non-short) today at 80 (p/e 85). Will the same attain in two months at 105? And then it splits 3/2 and runs the next month to 80 again. Will the logic still be "You've got to buy, these guys are tops in their industry"?

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as an aside, i remember a discussion that we had about buying houses. when i suggested that a house was a personal asset and that if a certain house had characteristics that were special, i might pay a little more, i got jumped on. oh no...houses are a commodity. no house is special...do comparables...study similar houses...cold hard facts.

yet that same discrimination seems to be missing from your posts when it comes to stocks. if a stock is good, it is just plain good.

you said you expected to be jumped on, i didn't want to disappoint ;-)
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