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No. of Recommendations: 1
So valuation always matters.

Yes. I also believe you have to dance until music stops. One thing that is different from other cycles are the amount of money pumped into the system by Federal Reserve and Federal Government. So the peaks can last bit longer. I have trimmed few names, I was not able to buy back on the dip, because the dip is not meaningful, (yeat it is off 25%, 35%, but still crazy expensive :) ) and the stock is back up.

Can we get a mini crash somewhere?
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