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Your point about stocks going up just because they're in a bull market is valid e.g.: Tesla - that's something I would never buy. Your comments about not painting every stock with the same brush is also correct. Having said this, I can't think of a single stock which continues to tank whilst the business fundamentals continue to improve - can you?I can't agree with your comments about the easy money section being BS. Case-in-point, when Buffett bought AMEX - the news was seemingly dire, but people still kept using AMEX - look at where it is today. Furthermore, buying Facebook at ~$125 and Apple at ~$150 was going against the crowd, not with it - not too sure how you got this idea?A penny stock and a blue chip is completely different - let me flip this in reverse and ask you, why would people stop using Facebook and IG? If they were to stop using it, what would they use instead? Who has the ecosystem and social network to detract their user-base? Same question with Google.Take AIA:ASX or AIA:NZX for example, that got sold off during the GFC, yet the fundamentals of the business never changed but only got stronger as NZ experienced population growth tailwinds and Asian immigration - this is an example of a solid blue chip that will do well, and I'll be topping up on every unjustified dip.In terms of an ASX stock which is mispriced, unfortunately I haven't found any in the last couple of months, hence I've been focusing on USA listed Chinese stocks. I'll run a screen in the ASX this week - ASX stocks are very overpriced at the moment - lots of money chasing little gains. Alacer was a pretty good one, but it's up about 300% and is fairly valued at the moment.
Your point about stocks going up just because they're in a bull market is valid e.g.: Tesla - that's something I would never buy. Your comments about not painting every stock with the same brush is also correct. Having said this, I can't think of a single stock which continues to tank whilst the business fundamentals continue to improve - can you?
I can't agree with your comments about the easy money section being BS. Case-in-point, when Buffett bought AMEX - the news was seemingly dire, but people still kept using AMEX - look at where it is today. Furthermore, buying Facebook at ~$125 and Apple at ~$150 was going against the crowd, not with it - not too sure how you got this idea?
A penny stock and a blue chip is completely different - let me flip this in reverse and ask you, why would people stop using Facebook and IG? If they were to stop using it, what would they use instead? Who has the ecosystem and social network to detract their user-base? Same question with Google.
Take AIA:ASX or AIA:NZX for example, that got sold off during the GFC, yet the fundamentals of the business never changed but only got stronger as NZ experienced population growth tailwinds and Asian immigration - this is an example of a solid blue chip that will do well, and I'll be topping up on every unjustified dip.
In terms of an ASX stock which is mispriced, unfortunately I haven't found any in the last couple of months, hence I've been focusing on USA listed Chinese stocks. I'll run a screen in the ASX this week - ASX stocks are very overpriced at the moment - lots of money chasing little gains. Alacer was a pretty good one, but it's up about 300% and is fairly valued at the moment.
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