This is always my top 3 stock of all time. I waited for a year and the shares never undervalue according to my own valuation. Half a year ago, I decided to open a very small position and prepared to average down for 10 times. The stock rise slowly and steadily, never hit my gtc to average down.
Lesson of the story:
1. Superb stock will never be cheap. Why they should? There is no reason for such a powerful company to sell at discounted rate.
2. Richly valued stock will continue to get more "overvalue" as their fundamental continue to improve.
3. For high conviction stock, i should not be too Conservative.
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