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Universal Music Trade Position

$UMG (-17,37 %) just reached a low of over 50% from its ATH.

Just opened a small long position. If it keeps going lower, my next buy price will be at 61,8% from its ATH.

Who else has Universal Music Group in his/her portfolio?

#universal

31.07

Comprado a 14,75 €

2 Comentarios

Yannik@Yannikz

Why you buy it? What are your reasons and why you think they will grow in the next years?
I ask because i am not deep into music business.

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Mike U.@MikeUpegui

Me neither. I honestly don't make any more either fundamental nor technical analysis. Most of the stocks I have in portfolio belong to industries that in normal conditions will prevail for decades. On the other hand, markets are cyclical, so in a couple of months or years my trade will probably reach the levels I expect.

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