09-13-2019, 06:04 PM
Agree MCD is way overvalued. Rode it up for 40 quick points but pigs get slaughtered. I'll wait for re-entry. I only had to wait 15 years for a couple stocks to get me back to even. It's going to be more like 20+ for INTC and CSCO. Sure I sell some stocks too early, or never buy them. I'll take that over avoiding port devastation. It only has to happen to you once. MMM is a good recent example of a stock that could take a decade to get back to even. KMI is loved here. Five years later and it is still under 50% of it's last peak, and we just had a couple decent oil price years that may or may not be ending for awhile. Paying a huge premium for a mature company will get you burned. It's not 1970 anymore for stocks like MCD and DIS. You can't just pay any price.