Originally Posted by
Baa_Baa
That sounds like confirmation bias JeremyALD, you can see plainly that the US techs are not valid comparisons, that ATM has run up on hype and sentiment, and punters have priced in perfection for lord know how many years ahead already. It's ripe for a serious wake-up call anytime sentiment chooses to rate it back to a sensible PE.
Be nimble, but ride the upside until it bleeds, then cut the losses when they happen. Believe the story but never ride the pony back down the hill. Which it seems will inevitably happen, sometime. Actively manage capital, don't look for reasons why 'staying in' is the right thing to do, that just promotes reasons not to get the heck out when it turns to custard.
Jmho fwiw
BAA