The type of investors who own this stock are not looking at it saying, 'I'm willing to pay 80 times earnings for this stock but not 85 times earnings,'
More Quotes from Ethan McAfee:
If I went and told my boss to buy something with over a 50 PE, he'd kill me, ... Both companies are extraordinarily successful and have tons and tons of growth but the problem is everybody else realizes it.Ethan McAfee
This is a classic case of short-term hysteria and mania. Who knows how much longer this can go up but eventually it's going down a lot.
Ethan McAfee
I have a hard time saying that a stock that has gone up 20-fold is still a buy.
Ethan McAfee
The joke is that these stocks trade at 10 times news flow.
Ethan McAfee
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