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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (145073)5/9/2020 12:20:36 PM
From: Katelew3 Recommendations

Recommended By
GROUND ZERO™
Pntrlady
the longhorn

  Read Replies (1) | Respond to of 218939
 
Valuation measurements are out the window right now. Momentum is the game.

When a $75 stock with a great franchise is trading at 15, it's a no brainer to buy. Even if it plunges another quick 33% to 10, it's uncomfortable but still OK.

But when that $75 stock is trading at 65 with no earnings visibility, I find myself more uncomfortable than it was at 10.