That's a valid point Hergerr. In saying what I said I didn't buy those stocks in the 20s except CBA. What puzzles me is that many would prefer to but these stocks when everybody else is wanting them. For me I believe CBA at 52 dollars is well overpriced considering the uncertainty of the market. And the higher they climb the bigger potential for them to fall. When buying in the low range I wait for good stocks to loose downward momentum and to begin sideways trading. This may be over a 4 month period where the market will have a safe range of buying in. And while this is the case the public become used to the idea that the share market is done and dusted and they move onto other areas. They believe only fools would consider buying in while the daily news validate what they believe.
For that kinds of reminds me of the housing market in the 90s. People couldn't give them away, but smart investors say the opportunity and now they're laughing while the others have to pay triple of what they paid.
