Moneytree

Selling Some Chipotle on Extreme, Obscene Strength

At the risk of being called a zealot I take issue with your analogy that it is time to sell because the price is too high. My observation of past great stocks is they are always overpriced. MCD, AAPL, GOOG, MSFT, IBM, INTC and a long list of other great stocks. More than a few sold GOOG at $550.0 because it was too high and I suspect they are still waiting for the pullback. A $10,000 investment in MCD 30 years ago is now worth about two million.