33 replies to this topic

[thespookyone]

Will easily break, not test, them.

[sluzbenik1]

I follow this forum and charts but I also follow valuations. I am selling a ton of stuff Monday. One more recent buy was Unilever (better than PG) since late May. Good company, got it at even better price. This consumer stock should not trade at 22x earnings. I have been fine with the market for quite a long time - but I was really wrong in November, when it didn't dip as far as I wanted, thus I didn't buy. Some other smarter guys I hang with on the Morningstar forum are also dumping. BMY also trading at 35 P/E now - same as in 2007. Yeah, the prospects look better, but it's gotten WAY ahead of itself. It exceeded the technical target box (35-30) for breaking out of its range. Thanks for the gains, ya'll. I do not care about your speculative growth stocks - that is a whole world unto itself, and doesn't affect the S&P nearly as much. I start to care when my divy-paying blue chips go nuts. The funds will follow the smart retail after the quarter ends. My big problem now is what do I do with the worthless cash? Same thing Buffet does. Wait. Intel is gonna be a freakin' great long term buy after this correction/crash/whatever. And so will ALL of Europe if you have a 3-5 year time horizon.

[ogm]

I follow this forum and charts but I also follow valuations.

I am selling a ton of stuff Monday.

One more recent buy was Unilever (better than PG) since late May. Good company, got it at even better price. This consumer stock should not trade at 22x earnings. I have been fine with the market for quite a long time - but I was really wrong in November, when it didn't dip as far as I wanted, thus I didn't buy. Some other smarter guys I hang with on the Morningstar forum are also dumping.

BMY also trading at 35 P/E now - same as in 2007. Yeah, the prospects look better, but it's gotten WAY ahead of itself. It exceeded the technical target box (35-30) for breaking out of its range. Thanks for the gains, ya'll. I do not care about your speculative growth stocks - that is a whole world unto itself, and doesn't affect the S&P nearly as much. I start to care when my divy-paying blue chips go nuts.

I agree, valuations have gotten absolutely ridiculous on some of these things. Here is another one for you and I can post another 100.

Hershey's. 29 P/E. (forward P/E 22 ), though I have no idea how they are going to grow into that in the next year when the company is growing profits at 5%. We're not talking about some fast growing high tech or cure for cancer. Its f-ing Hershey's for pete's sake.

That must be the 2% dividend yield attraction, with is better then 1.94% yield on Treasuries

I will make money selling these mundane overbloated stocks short. I guarantee you that. Next week, 2 weeks later, a month later.. but I know I will. There will be a trigger and there will be a nosedive.

If anyone wants to keep buying , good luck.

Edited by ogm, 23 March 2013 - 05:44 AM.

[tomterrific14]

I follow this forum and charts but I also follow valuations.

I am selling a ton of stuff Monday.

One more recent buy was Unilever (better than PG) since late May. Good company, got it at even better price. This consumer stock should not trade at 22x earnings. I have been fine with the market for quite a long time - but I was really wrong in November, when it didn't dip as far as I wanted, thus I didn't buy. Some other smarter guys I hang with on the Morningstar forum are also dumping.

BMY also trading at 35 P/E now - same as in 2007. Yeah, the prospects look better, but it's gotten WAY ahead of itself. It exceeded the technical target box (35-30) for breaking out of its range. Thanks for the gains, ya'll. I do not care about your speculative growth stocks - that is a whole world unto itself, and doesn't affect the S&P nearly as much. I start to care when my divy-paying blue chips go nuts.

I agree, valuations have gotten absolutely ridiculous on some of these things. Here is another one for you and I can post another 100.

Hershey's. 29 P/E. (forward P/E 22 ), though I have no idea how they are going to grow into that in the next year when the company is growing profits at 5%. We're not talking about some fast growing high tech or cure for cancer. Its f-ing Hershey's for pete's sake.

That must be the 2% dividend yield attraction, with is better then 1.94% yield on Treasuries

I will make money selling these mundane overbloated stocks short. I guarantee you that. Next week, 2 weeks later, a month later.. but I know I will. There will be a trigger and there will be a nosedive.

If anyone wants to keep buying , good luck.

Could blow off to 95, only to correct down to 65...then again could coorect from here if the SPX does