As mentioned previously and can be seen in my tables, the days of exuberance over tech stocks are gone and not helped by scandals at BIG and GSW, skepticism remains and companies that continue to trade at lofty valuations (especially those with mcap/revenue >50) will need to produce results to avoid further falls in their sp. I am not optimistic about outlook for Dow and the ASX in the medium and longer term either as it is unlikely the good times can continue rolling on for such an extended period of time (see video) - given this, a longer term hold especially for stocks lacking fundamentals (those waiting for validation) is IMO fraught with risk and danger. I think most of us know this but we are taught the conventional wisdom that a long term hold always wins- true but not all stocks are (or become) a CSL .
DYOR and take care!
