Weird Things I Often Hear
“You told me X stock’s real value is XXX how come it’s still at XXX?”
“How can I buy now? PSE index are so expensive. I’ll buy in the correction.”
“How can I buy now? PSE index are trending downward. I’ll buy at the bottom.”
I find these statements weird. For statement one, a stock’s intrinsic value is not realized instantaneously right after you buy.
For statements two and three, you are not buying the whole PSE, but a company. If the company is trading at reasonably cheap PE ratio what would hold you back?
My opinion only.
FGEN and EDC is a pair. Nice to see them inching higher. 🙂
I am waiting for the regulatory development in June 2013 that would boost MER’s earnings. 🙂