With 15 minutes left in the session, all of my A and A- grade stocks are officially overpriced. That doesn't mean they can't ride up 10% or 20% from here. They're just great growth companies with solid fundamentals that are selling at a premium right now. Less than two weeks after bottoming out due to the stupid, #!@&*# subprime mortgage mess, there's no bargain to be had.
It'll take some digging to find a decent growth company, maybe one of my B+ or B picks, that is still viable, still trading within its moving averages. Until then, I'm putting the cuffs on myself. The Buy button has been disabled. For now.
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1 comment:
The good news though is that you got new SmartLinks panes, check them out. You can research things faster now ;)
Alex
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