Forward PE of 204 so more than 10 times more expensive than Apple.

Guys,

Fundamentals used to have a correlation with the share price, but nowadays, this is not the case. What makes a stock move is sentiments and if that sector is the current flavour of the month.

Have a look at Centrica’s fundamentals, it should be a screaming buy, but the sentiment is not there and this sector is currently unloved and thus not the flavour of the month.

If you speak to most of the professionals, you will see that they have stopped looking at fundamentals since 2007.

Well, there's a reason I call the stock-exchange the "unregulated casino" these days.

It would depend on how those professionals are remunerated & if they have skin in the game.

Isn't that the way the stock market works?
Benjamin Graham once said "In the short run, the market is a voting machine but in the long run it is a weighing machine"

Amazon's stock price crashed from $113 in 2000 to $5.51.
AMZN's average annual return in the last 19 years has been 16.29%; that includes the above ~90% price drop.

Tell that to Warren Buffet...

funny share prices from 2013 ;-)

and a lot of comments did not age well. it's instructive to see how many people thought that 'even at $10 FB would be expensive' just 7 years ago when they'd now bite off your hand to buy at 10x that price.

i wonder what shares are out there now which people believe to be ridiculously overpriced yet will look ridiculously cheap in 7 years time?

Microsoft

I bought FB for $116.64 in 2015 and few months ago AMD for $36.40 despite discouraging plebs preaching otherwise. I also keep GPRO, SNAP and plan to give them a chance long term. My other noteworthy shares are ADI, MCHP and XLNX. Time will tell

i already sold msft at $140 thinking the valuation was overstretched...

i never liked gpro and snap, but held also adi and xlnx.

i sold both to go all in on AMD though. with intel 7nm mis-steps, they have at least a 1 year clear runway to take market share.

Maybe oracle - boring but good PE ratio for a tech.

Tesla.

And it's not a share, but while Bitcoin is trading at half its 2017 peak, it's still waaaaay undervalued -- even at >$10,000.

Invest in marijuana stocks which were so boldly advertised in the previous edition of Swissquote periodical but subtly subdued at the moment. So the last edition suggested investing in fabless chip makers

i think tesla is the new amazon. highly polarizing. bulls will point to a sparkly potential future. bears will point to the (currently) low profits and astronomical valuation.

i can see both sides, but it is one i'm happy to ignore since i have no real knowledge of the car market.

I have no knowledge either (can't even drive), although I'm invested at about 3-4% of my net wealth.

Any of the mentioned stocks would have been a fine investment.
Imagine a portfolio composed of Exxon, Simon Property, Deutsche Bank and General Electric instead

i was tempted to make a gamble on tesla during the low in march. i obviously regret not doing it with the benefit of hindsight!