Sold 1/3 of year old position today. Does look a little frothy. Q1 income statement wont meet hype with all the turnarounds. Might get back in before hurricane season, but only expecting to pocket the divvy. The easy money is mostly made. looking for long term PE of 10. almost there.
At this time that is irrelevant. This is money chasing money. People, I do not use the term investors, are buying this because it is going up. When it goes down they will sell. What is the highest price it will peak at?
Dunno. But it will, the greater fool will get stuck at the high price, fall down, rinse and repeat.