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Real-Money Stock Picks / Messed-Up Expectations Portfolio


Subject:  Re: An excellent read -- and it fits right in Date:  3/20/2013  8:59 AM
Author:  leaderoftheback Number:  889 of 1275

Keep your heads about you, mates. These are classic signs of a market top. Stocks with high multiples are most at risk. I'm not a permabear, but I'm always skeptical.

Jim- I would have been a jerk to thumbs-down your GNRC pick when you made it, but you did buy it after a run-up. Chances are super high that you could buy it for much less. Even with good reasons to buy now, it pays to consult the (basic) chart. Taking positions for 10-20% less can make a huge difference over time. GNRC will (almost) certainly retrace to $30 (would improve your