Smart Investor - Maybe your fundamental approach to picking stocks is wrong. The whole idea is to pick a stock that makes money, not to pick a stock that is valued correctly. It's funny, the MM/Analy-sts tell me my portfolio is bad because I have CSCO, MSFT, DELL, AOL, YHOO, and LU, (None of that low PE crap that they shovel) but at the end of the year, while they struggle to beat the S&P, I am counting how many times over I have beat it. Your are right though, one day the Nets will go down, but fundamentally, you should be making money while they are going up if you truly are a smart investor. You may have a long wait to make a little money on a short correction like we had over the summer.
From what I have seen, the people that are bitching about how overvalued the Nets are, and how fundamentally wrong they are, are the people who have either been on side lines watching, or loosing their ass shorting, while the people that are in them are smiling. I'm smiling, and basically have had a big grin on my face for more than a year now, the whole time listening to the MM's tell me how bad I am going to do. :0) My advice to you is, don't question it, don't fight it, don't calculate it, don't look at a chart, just buy it and make money, and get out early when it finally ends. |
