RE: Let''s recapThis won't drop below 25.62 (52 week low)..... mark my words. We are *probably* not going below this, not with earnings about a month away. In about two weeks the momo traders will hit this into earnings. Low float, high % short equals a bigtime short squeeze into earnings. You'd be absolutely crazy to short this right now. Many companies warrant having a high PE ratio. You just can't judge a stock based on it PE.
After earnings we might as lulu can't afford to miss. I'm currently transferring my RRSP (currently mutual funds) into 100% stocks and this is one I am going to buy or should I say add to my current position. With an RRSP stock portfolio you can easily look long term (5 - 10 years) and can be removed from checking your stocks a couple times a day. So it's easier to mentally handle swings in a PF. It's much harder with an individual account. I should have done this years ago. Oh well, still probably 35+ years (hopefully less) till retirement so I've got time.
Doing the same thing for my 401K (moved last year to the USA). F'ck mutual funds. Now is a great time to buy stocks. Much better than doing it when every news analyst has that goldilocks fever.
GLTA