You pay a premium for premium performance, whether it’s cars or stocks. i look at it this way....Sears was a very inexpensive stock. Amazon is a nosebleed expensive stock. Which would most people rather own? P/E is a very small part of the story.
Seems that 2018 was a bad year for most investments, but not RACE. A dip maybe. Congrats to those who got in early. Image Unavailable, Please Login https://www.tradingview.com/symbols/NYSE-RACE/
Well its been 5 years since the last post. I didn't sell the stock and today it closed at $492. It's hard to believe I was considering selling at $165!
I finally made my first ‘investment’ last month at age 55 and bought 10 shares at $416. I don’t really know how this stuff works but it’s higher so I think that’s good. Sent from my iPhone using FerrariChat
Bought 1000 shares right after Sergio Marchione passed away at about $95. Have a big enough gain to pay for my 12C when I trade in the F12.
Stock has gone parabolic. By June of 2025 it will be down 50%, or more, with the rest of the overvalued market. Sent from my iPhone using FerrariChat