So what you saying is forget the fundies and finding value. Let's go with sectors that are overheated, and stocks that have ran a ton allready, because they are going up, so they are good. forget value. Let's start expanding pe like your post on LNTH lets give a 30 multiple (I don't care what a sector is valued at giving anything a 30 multiple is not a smart approach to valuation of a stock in my opinion), each time on stocks that going up you keep given a higher multiple to justify why it is undervalued or should have and increased price target, and a sector/stock who hasn't run or is under a little pressure forget the fundies, the stock isn't moving so I don't want to own it. Shaking my head with the philosphy or searching for things that are red hot, run a ton, and avoid the bargains, but to each their own. Don't know anything about AXL, but admittingly avoid the stocks that have possibly good fundies because they are down and the chase lnth post admittingly got me to make a comment. because I so 100% disagree with you on that front. chase the overheated, and sell the cold, to me equals sell low, buy high in my opinion. a strategy in my opinion that is a terrible idea. All is just my opinion, and I could always be wrong though.
