...looking into the Grand Canyon at sunset. That's the same feeling you get when you look at my pile of points. That is all.
And if so, why? Companies that report 40% annual growth and trade for less than 10x trailing earnings, and have confirmed guidance that put their forward PEG at less than 0.2, are being massacred in the streets, particularly Wall Street. Is this a time to buy when the streets are running red with the red ink of shareholder returns? Or is this an accurate reflection of the need to cut and run from the falling Chinese giant? Please post your well thought-out opinions, or ill thought-out harangues, below. [more]
That makes sense.
P.S. HEAT is an "invalid ticker symbol" in the related tickers thingy.
I just wanted to point out that if you ever shorted a 3x leveraged ETF pair (FAS/FAZ, TNA/TZA, etc.) for a significant period of time, you got killed. For example, look at the 12-month chart for FAZ: yay! We made almost 90% on our short! Whoopee! Then look at the 12-month chart for its sister, FAS: Omigosh! We lost 170%! I didn't know it was possible for something to go down 170%, because I've never shorted anything before! I thought shorting 3x leveraged ETF pairs was a surefire way to make a killing in the market, so I ignored them for a year, and I lost more than 40% of my original combined FAS/FAZ position! Oh no! [more]