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So there is no bottom to be seen there. There is good selling pressure on it. If I wanted to get in, I would at least wait until the € 640 level is reached and, in the best case, exceeded. Anything else would be a falling knife. To be honest, I wouldn't do anything at the moment except make sure that the stock doesn't fall below the 2022 lows.
And what good is the best investment case if the market takes a different view and sells off?
The chart is usually always right ;)
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@JonathanPeachum Unfortunately, I'm down 30% there. That's why I'm thinking about topping up.
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@Max095 Yes, I can understand the impulse. But it's not a good investment case. What's more, if things go badly, you can play the same game again in two months' time. It's bitter to admit, but it doesn't help and the market doesn't care.
If it were my position, I would (if I wanted to buy more) wait until at least € 640 and if it falls below the lows of 2022 at the weekly closing price, realize losses instead of throwing good money after a noperformer (especially since you would certainly sell at + - 0 ;) )
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@JonathanPeachum Thanks for your tip! 😊I wouldn't sell at +/- just because of the dividend alone
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@Max095 If you want to invest in luxury, take a look at Hermes.
Do you get the withholding tax back?
And the dividend alone should never be the reason for buying or holding. What's the point of a €15 dividend a year if the stock is trading at -40%? (I don't know your figures ;) )
Fortunately, Dior is relatively strong on the chart
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@JonathanPeachum Yes, I am pursuing a dividend growth strategy, so dividends are important to me. I would like to build up as high a personal dividend yield as possible.
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@Max095 Okay, then I would keep an eye on the highs and lows if you want to buy more. Good luck with that!
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