Post by
flamingogold on Jan 12, 2023 10:02am
Never chase a high flyer
This is what happens to high flyers...eventually they come crashing down. Apple will suffer a big hit on one earnings day too when they eventually miss... and miss they will.
This, like Apple, however are still great long term holds. However, whenever you get every analyst cheerleading, it's usually a good sign to stand back and wait for a miss to make a move.
Comment by
CHECKMATE77 on Jan 12, 2023 1:51pm
The point you miss is the fact that this particular high flyer has just left the launch pad a long way to go yet and yes like lulu 15 years ago wish I had bought lulu back then
Comment by
flamingogold on Jan 12, 2023 11:37pm
And why I made a buy at $45 today. I have another one at just under $40. Not sure it goes that low, we need control of inflation first and the FED to pause for the bull to run wild. People misread my post this morning. I never chase a stock.