I have a hard time saying that a stock that has gone up 20-fold is still a buy. |
If I went and told my boss to buy something with over a 50 P/E, he'd kill me, ... Both companies are extraordinarily successful and have tons and tons of growth but the problem is everybody else realizes it. |
It's a very expensive stock. That's why we've stayed away from it. |
Sure there are some smaller names, but they're unattractive to big corporations because their market share is probably 1 percent or less. |
The cell phone companies will have the power to renegotiate contracts and ask for more favorable terms. |
The joke is that these stocks trade at 10 times news flow. |
The stock is going to go up 5 to 10 percent the first day. It's not going to go up 50 percent or more. |
The type of investors who own this stock are not looking at it saying, 'I'm willing to pay 80 times earnings for this stock but not 85 times earnings,' |
This is a classic case of short-term hysteria and mania. Who knows how much longer this can go up but eventually it's going down a lot. |