Slippery_Steve
Oct 3, 5:30 AM
$APP
The stock action must be respected/considered above all else.
I know the fundametals ( income statement, projected growth, fwd p/e of16 etc etc ) look compelling and analyst all have high price targets but again the action tells a different story.
In Mar 2011 research in motion had a diving stock price and a fwd p/e of 7 trading at 72 and everyone said it was cheap/oversold a steal etc etc ....5 month later was trading at 11.
$TTD similar, not saying thats whats gonna happen here, it may be a steal at 268 but don't just dismiss the stock action, its telling a very different story
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