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re: Is BOA a $70 stock?
Posted on 4/9/14 at 10:42 am to Cajun Revolution
Posted on 4/9/14 at 10:42 am to Cajun Revolution
quote:The best investors do. Warren Buffett, when asked what his favorite holding period is for a stock, replied "Forever."
very few people hold on to individual stocks for an extended period of time
If you remove the huge volumes of HFT shares which greatly distorts the "average holding period" number, I bet the average holding period for institutional investors would surprise you.
I'm not sure why we're even debating this idea now since the topic is about one stock, BAC.
And, no, I don't think it will be $70/share in the next2, 3 or even 5 years. But I sure do see it being in the upper $20's to low $30's within that time frame. If I can almost double by money every 5 years, I'm happy.
1
Posted on 4/9/14 at 10:46 am to LSURussian
quote:
The best investors do
Let me go ram my head into a wall right now because I'm pretty sure we're discussing the average American investor.
I like you Russian, but quit looking for an argument when there's nothing I discussed remotely controversial to a conservative investor.
quote:
If you remove the huge volumes of HFT shares which greatly distorts the "average holding period" number, I bet the average holding period for institutional investors would surprise you.
I would like to see the numbers because I'd be thoroughly surprised if the holding period is greater than a year.
This post was edited on 4/9/14 at 10:48 am
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