Some would think it is a bit overvalued here, but that does not always matter. Value is not always the most important thing it seems, so it just depends on when folks are ready to sell. It is like a "Domino" effect
How could people bee safe out there when you are suggesting them to buy something 50 times earnings...
lauralea
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@lamelnaspojka, I was not. I said it is probably overvalued and my point was to point out a possible top very soon. I did not put "long" on this post
lauralea
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@lamelnaspojka, My point was to point out the rectangle top and the spinning top which is not usually good at a possible top. I had been waiting on this one to fall. I guess I should have been more clear on my intentions for this chart.
lamelnaspojka
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@lauralea, Bought one month back a bunch of 320$ puts for Sep 16. Will sell if it reaches 285-280 till then