This stock has a PE of 70+, that makes it very volatile, correct? Or stocks with a high PE typically good investments? Are they only good long-term investments?

High PE stocks can be volatile, but they are not necessarily good investments just because they have a high PE ratio. Here's a detailed analysis:

1. Volatility: Stocks with high PE ratios tend to be more volatile because they are often overvalued or priced high relative to their earnings. This higher valuation can lead to larger price swings in response to market movements or changes in investor sentiment.
2. Investment Suitability: High PE stocks are not automatically good investments. While a high PE can indicate growth prospects, it can also suggest that the stock is overvalued and may correct to a lower PE ratio. Investors should consider other factors such as the company's financial health, industry prospects, and the sustainability of the high PE ratio.
3. Long-term vs Short-term Focus: High PE stocks can be good long-term investments if the company's growth expectations are met or exceeded, and the high PE ratio is supported by strong fundamentals. However, focusing solely on long-term potential can be risky if the stock is overvalued in the short term and may correct before it reaches its long-term potential.
4. Investment Strategy: Investors with a long-term perspective may be more comfortable with high PE stocks if they believe in the company's growth story. Those with a shorter-term focus may prefer stocks with lower PE ratios to avoid the higher volatility associated with high PE stocks.

In conclusion, while high PE stocks can be volatile, they are not inherently good investments. Investors should consider the company's fundamentals, growth prospects, and the sustainability of the high PE ratio before making investment decisions. The suitability of high PE stocks as part of an investment portfolio depends on the investor's strategy, risk tolerance, and time horizon.