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Lots of good, worthwhile, wise stuff in that last post, James (as in most of your posts). One thing to keep in mind, tho, for those of us with both long-term hopes AND short term cash needs (i.e. I've got to pull some $$ out of stocks somewhere soon for a house):
This stock, like lots of other hot-stocks-waiting-to-be-discovered, will quite likely have one or two periods where it rockets off to a *current* P/E way above what it's *currently* worth. IF that happens, you can probably feel safe in taking some out at the high end, then waiting for a drop later -- which would also be quite likely to happen.
Now, this is NOT *guaranteed* to happen -- especially if there's a general downturn in the market, and reckless enthusiasm goes out the door. OR, we might get lucky, and have folks discover AXC in a nice reasonable fashion, with an *accurate* ascent to that $500 level that's so nice to dream about -- but that doesn't happen too often in the market.
But for anyone (like me -- maybe) who are looking at this plan of attack: don't get too greedy searching for either the top or the bottom if you hope to be on the train for the best part of the ride.
P.S. Zacks ain't been knockin' on my door, either.
Primarily long from below $7 -- COR |
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