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Honest question.
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Usually you buy a stock because you find it valuable, and you set an exit price for when you believe its stock price is now too high, and you take gains and get out.
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However, with the current AI growth/bubble, how are you determining this?
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For example Google is up over 100%, but the consensus is that you should buy Google today. So, when do you take gains? And if the answer is right now anyways, how much?
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And what about crazy stocks like SNDK that's up 700%+ this year?
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I'm so confused now, and I feel like P/E and almost any other indicator is meaningless.
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Thank you for your help.