So how do you play this? Loading up? Waiting for more downturn?
15% isn't unnoticeable. Overreaction?
I'm personally intrigued to start a small position. But I'm waiting for the price to drop to $384-ish where the 150 WMA currently sits.
We're in oversold territory, though, with an RSI of 24
So I'm curious to hear your thoughts?
For the ones who don't know RACE:
The fundamentals are absolutely strong. Increasing revenue and net profit. Phenomenal margins and ROE and ROIC.
Only ugly things in my eyes is that the company has more debt than cash. I prefer the other way around.
"PSA": RACE drops 15% due to lower guidance
byu/Big_Fix9049 instocks
Posted by Big_Fix9049
3 Comments
Man Ferrari wont win the 8th F1 title for Hamilton. That goes against all your fundamentals
I bought a little that will probably wind up as a trade – also bought the decline at the end of July, did reasonably well.
Bought 1 call for feb atm