Originally Posted by
Meister
I can't imagine what the guys selling at 104 are really thinking, but it seems unlikely they subscribe to FA. I think the company does look cheap at that price. It seems to me that value investors shouldn't be selling due to overnight market trends overseas.
As for being insane to join in now - you are the guy who just told me the market is being driven by some inexperienced people. That pretty much explains why it looks like it should be in a mental institute. Traditional FA guys say its cheap. Inexperienced newbies are panic selling. Who is more likely to be correct? haha :P
I think PEB is still risky and speculative but at this price there is a lot of potential upside and the long term risk is lessened. Short term you might be right, long term, lets wait and see! :)