Just because you can identify a bubble doesn't mean you are any good at knowing when it will pop, in fact it's much easier to do the former than the latter. And obviously, just because it hasn't popped yet doesn't mean it's not a bubble.
I sold all my yhoo into a strong rally in 1999 because I thought it had an outlandish price. It went on to trade for more than double what I sold it for, but hasn't ever reached that level post crash. Good call or bad call? Hard to say really but it sure seemed dumb at the time even though I ended up being right.
I sold all my yhoo into a strong rally in 1999 because I thought it had an outlandish price. It went on to trade for more than double what I sold it for, but hasn't ever reached that level post crash. Good call or bad call? Hard to say really but it sure seemed dumb at the time even though I ended up being right.