Fair enough, Ive been pretty harsh to be fare I went long at $66 about 6 months ago and have been questioning if its getting toppy, I think the PE is a little stretched at the moment based on historical standards.
I think the stock is a market darling and at the moment with money looking for a home its been pushed up, that being said I personally wouldn't go short only due to the fact that it is so loved by the market, (which i don't think will change) interest rates look like staying lower for longer so i think the mix of defensive health care and growth stock will keep this one going. Plus I have a bet with my old man this will get to 100 before CBA does.
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Fair enough, Ive been pretty harsh to be fare I went long at $66...
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