Ferrari: Buy at the High?
Many investors have reservations about buying shares of a company trading near all-time highs. In my opinion, two of the biggest stock market myths are "stocks that go up must come down," and "stocks that have plunged are due to rebound." The truth is that some stocks decline but never rebound, and investors are stuck trying to catch a falling knife, as the saying goes. Other times stocks can trade at sky-high valuations indefinitely?
So if you're concerned about owning shares of a unique automaker as it floats near the stratosphere...don't be. Here's what makes Ferrari (NYSE: RACE) special, and why you can buy shares even near all-time highs.
Image source: Ferrari.
Source Fool.com
