02-07-2021, 11:30 AM
(08-01-2020, 11:19 PM)rayray Wrote:(08-01-2020, 04:22 PM)fenders53 Wrote:(08-01-2020, 07:42 AM)rayray Wrote: I own AAPL, AMZN, NVDA, QCOM, CSCO and SHOPLooks like a pretty good buy and hold tech stable to me.
I'll sink with all of them, not selling. Not buying either, not at this time.
Yea, I try not to buy anything I'd feel uncomfortable owning for a very long time. SHOP, it wasn't a spec buy more so of a dollar cost average buy. I read about the company, seen some interviews with the CEO/founder, really liked him and did more research. The research told me the company was overvalued at 85, I was thinking okay I like the company so much but don't want to forget about it (it wasn't written about like it is now) so I bought 25 shares thinking I'd buy more at 30 or 35 or so...yea that never happened!
I forgot.....I do own AVGO also
I was just re-reading this thread and noticed SHOP. I'd never heard of it before, so I decided to look it up.
OH MY GOD.
P/E of 795, not as bad as Tesla, but still.
5 years ago: $28.21
today: $1287.75
That's x45.6 your money, in 5 years. Unreal. What's so special about Shopify?
***
As to everyone referring to Apple & Microsoft as overvalued in earlier parts of this thread, today their P/E rations are 37 and 36 respectively, so I don't get it.