9 Quotes by Ethan McAfee

I have a hard time saying that a stock that has gone up 20-fold is still a buy.

Sure there are some smaller names, but they're unattractive to big corporations because their market share is probably 1 percent or less.

The stock is going to go up 5 to 10 percent the first day. It's not going to go up 50 percent or more.

It's a very expensive stock. That's why we've stayed away from it.

The joke is that these stocks trade at 10 times news flow.

The cell phone companies will have the power to renegotiate contracts and ask for more favorable terms.

If I went and told my boss to buy something with over a 50 P/E, he'd kill me, ... Both companies are extraordinarily successful and have tons and tons of growth but the problem is everybody else realizes it.

The type of investors who own this stock are not looking at it saying, 'I'm willing to pay 80 times earnings for this stock but not 85 times earnings,'

This is a classic case of short-term hysteria and mania. Who knows how much longer this can go up but eventually it's going down a lot.