RE: Unicorns?1 Apr 2019 18:41
Auson, I'm dubious about any company that trades on a p/e of 56 and a valuation of 5x earnings (more the p/e). How many G&Ts can people drink (maybe it's a hedge against a major correction and the consequent increase in middle class boozing) but on a quick look it has had a wee knock back at the 50% fib..so maybe the rally has run its course.
Not a gold bug, as such, but have a little equity exposure for the medium term. Traded spot gold now and again but get hacked off with the comex paper dumps, makes a nonsense of the technicals and can be very expensive, JPM owe me big time lol