Buying and selling are natural opposites. The reasons for buying a stock and selling a stock, often, are mirror images as well. Intuitively, it feels right. How do we give form to an intuition? More accurately, how do we decide when to buy or when to sell?
Well, we often read about valuations. Some analysts might have a SELL call saying the stock is overvalued. At the same time, some analysts might have a BUY call saying the stock is undervalued. Then, there are some analysts who might say the stock is fully valued and have a HOLD call.
What can we take away from this? Valuation is subjective! Anyone who tells us it isn't doesn't know what he is talking about or does he?
There is a lot of literature on valuation techniques. If we do a search online, we will know that this is true.
So, which ......