06-16-2021, 12:35 PM
First you shouldn't listen to anyone's advise on the boards and or any forum. You have to buy stocks based on your own merits and research.
If I took peoples advise I would have been bankrupt by now lol. I don't know how many times people told me I was in the wrong stocks and should sell. That worked out great by not reacting because someone said so
What happened in the past doesn't mean it will have the same future or pattern.
Lets see oil is dead, retail is dead. Hmm wrong. All those stocks are hitting new highs lol
I bought VSTO and gained 23 points until I sold it last week at $45. It will crash again. DKS is another example of a company left for dead that has exceeded all expectations. But both those stocks have already had a big run and the questions is... How much better can the story get from here? There is no way they can keep that growth rate up. Not saying they will crash today but the best is behind them. And that's my opinion. lol. That's the case with a lot of names.
LYB looks interesting here. They raised the dividend and guidance now 3 straight quarters. With a forward PE of 14 and growth rate of 30 it sure looks undervalued here. But what do I know. I do own, but at much lower levels. Same with DOW, CAT, DE and others. How much further can they run?? who knows. I do know they are undervalued when you compare them to tech and other sectors.
If I took peoples advise I would have been bankrupt by now lol. I don't know how many times people told me I was in the wrong stocks and should sell. That worked out great by not reacting because someone said so
What happened in the past doesn't mean it will have the same future or pattern.
Lets see oil is dead, retail is dead. Hmm wrong. All those stocks are hitting new highs lol
I bought VSTO and gained 23 points until I sold it last week at $45. It will crash again. DKS is another example of a company left for dead that has exceeded all expectations. But both those stocks have already had a big run and the questions is... How much better can the story get from here? There is no way they can keep that growth rate up. Not saying they will crash today but the best is behind them. And that's my opinion. lol. That's the case with a lot of names.
LYB looks interesting here. They raised the dividend and guidance now 3 straight quarters. With a forward PE of 14 and growth rate of 30 it sure looks undervalued here. But what do I know. I do own, but at much lower levels. Same with DOW, CAT, DE and others. How much further can they run?? who knows. I do know they are undervalued when you compare them to tech and other sectors.