RE:OVERVALUED???!!!!!I think they are basing their forecast of a correction of 12% on period June to Aug 15th when price fell from high of 133 to 118 ish. So buying at 105 USD or 130 CAD seems reasonable. But staying long for those that have already owned this before beginning of May makes sense too. Cheers fdfd12
fdfd12 wrote:
My take on SHOP being overvalued is the follwoing.
FB was trading at around $50 and it was losing money. It was WAY overvalued.
All the value managers were saying SELL since they have no earnings.
This turned out to be wrong because FB started to get some good earnings a few quarters later
and beat almost every quarter until $150.
SHOP is going through the same scenerio