Visiting here just for the weekend for Independence Day, went into the postage museum on a whim waiting for my train and it was so fun! I’m disappointed in myself that I don’t come to dc more to take advantage of the Smithsonian system, and the employees were so friendly. I’m really happy this is something we fund
So I'm sure a lot of us have experienced some dramatic run ups in the past few years. One of mine is Corning (GLW) I bought it yearssss ago when it wasn't cool with an average cost of $35.
Now my issue isn't the waiting when I understand a company well and have determined the market is undervalued it, my issue is figuring out when to move on.
The company is still really solid, which is obviously why market sentiment is so bullish, but the P/E (yes I know this is just one metric) is over 120 now.
My usual mo is don't sell unless the story has changed or you've found a better opportunity. The usual lynch "don't water your weeds and cut your flowers" but these dramatic run ups are making me nervous. If anyone has any articles or guidance on *when* to sell I'd appreciate it because I feel like it's a missing component of mine. Thanks for your time
I'm split on if this is bullish or not. Good that companies recognize the value, bad in that companies recognize the value and are also purposely trying to manipulate the results by flooding the website with fake results
Idk if you go on the subreddit for the city you live in, but I go on mine fairly frequently. I feel like a really cool integration with city/town specific subreddits would be a place to buy/sell stuff ala fb marketplace. No reason reddit can't compete with Facebook and drive more daily active users
I've been of the opinion DCF is a bit useless since you're modeling based on the assumption of growth and numbers you don't really know. But at the same time, you don't really know anything about the future of a company. However it seems better to me to just read more about the company from earnings calls, 10-k, interviews, things of that nature. I feel has yielded mr a better result since I can actually understand the business vs theoretical numbers. I'm open to being challenged on that though, or if anyone knows of a model that might work better that they use that's not DCF