posted by mark
on Wed, 01/27/2021 - 19:55
While many quality stocks were down today, some stocks went positively mad with huge increases.
I like PETS because it is a well-managed company and has had over 20% return on equity for 10 years straight. PETS went from $30 and change last Friday to over $50 today. Well, I sold half my holdings. A 66% gain over three days, is just too much to look away from. PETS is fundamentally good, but not that good.
Many stocks with very low fundamental values have been going through the roof, like Game Stop or Rite Aid.
I guess that what happens in Vegas doesn't stay in Vegas. The pain of this reckless gambling, not investing, is going to come to roost.
Be smart, be well-read, be aware and be successful.
