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Great hubris for a 109 PE on declining earnings.
You just don't get it, people will be making money long as long as the momentum is carrying, and it will overshoot be far, then people will make money short and it will overshoot by far as well.This thing is going, and it's probably wanting to see 300.
It has overshot by more than $120 already. Don't you get it? With the present fundamentals it would be expensive at a PE of 40, never mind the 109 it's trading at now.Would you buy other stocks at a PE of 40 if they were showing earnings declining by 20% for the year or 50% for the next Q?