So...is this ever going to bounce back?

"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout) 02/11/2016 at 11:44 • Filed to: Ferrari shares are a flaming pile of poop

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adamftw > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 11:47

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Seems like a good time to buy Ferrari stocks? Maybe?

Supreme Chancellor and Glorious Leader SaveTheIntegras > adamftw 02/11/2016 at 11:48

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They’re still trending downwards, I feel at even 32.10, it’s going to go further down

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 11:55

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If they podium or win in Australia in a couple months I bet it jumps 15+ points

Aaron M - MasoFiST > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 12:01

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The entire market is in a downturn right now, so it’s not a good time to be looking for upside from anyone. That said, now is the time to buy, especially if you can hold for a while.

Supreme Chancellor and Glorious Leader SaveTheIntegras > Aaron M - MasoFiST 02/11/2016 at 12:03

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Noticed that, everyone on my watchlist is trending straight down...excluding Tesla which I expect to be negative by tomorrow

Aaron M - MasoFiST > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 12:08

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Yeah, SeekingAlpha seems to be rallying around a Tesla short, but who knows.

My non-retirement portfolio is all index funds, and dividend-maximizing ones at that. One one hand, I’m handily outperforming the market now; on the other hand, outperforming the market is being down 5.5% year-to-date while the S&P is down 9.5%.

Ash78, voting early and often > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 12:12

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I’m down 15% this year so far. Some of my individual stocks are down 30%. There is no winning right now, just waiting to call the bottom.

StingrayJake > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 12:20

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Don’t worry. It hasn’t spontaneously combusted yet. There’s plenty of time for it to hit rock bottom, be restored, and sold at auction for a cool million.

swaptastic > Supreme Chancellor and Glorious Leader SaveTheIntegras 02/11/2016 at 16:24

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It is tough to say. Stocks become good investments because people either believe there is growth or they pay dividends. I don’t believe they pay a dividend so it comes down to simply do you feel they are going to sell a lot more Ferraris in 5-10 years?

Another thing I might take into consideration is how the company leadership view profit. Now that they are a publicly traded company they will be encouraged to seek out profit constantly. Otherwise institutional investors will get frustrated and stop investing in the company.

Also included to compare P/E ratio (currently RACE 14.99)

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