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zipjet

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zipjet

Re: haysaw post# 208947

Thursday, 02/09/2017 10:28:25 PM

Thursday, February 09, 2017 10:28:25 PM

Post# of 252496
I was long GILD when GS said it could go to 50's. Rode it up and traded until I felt without a plan to reinvest the FCF it would not get a decent PE. That is playing out, and for those with a multiyear horizon it is investable. But lower is better, no idea where it stops but stocks often go further than we would guess.

It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes

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