All consumption, so they are all a bit risky at the moment. But since I have a weakness for turnaround candidates and my portfolio can always include a few risk positions, I recently invested in $NKE.
Why? Nike is trading at a long-term support level and has not yet broken through.
Cash is tip-top, which is always important to me 👆 so the revitalization of the brand and towards retail can also be easily financed. And still a top brand with a good image.
Why? Nike is trading at a long-term support level and has not yet broken through.
Cash is tip-top, which is always important to me 👆 so the revitalization of the brand and towards retail can also be easily financed. And still a top brand with a good image.
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@TomTurboInvest
But I'm sure it's also a surprise to you that Asics has made it to the Tenbagger in 5 years.
But I'm sure it's also a surprise to you that Asics has made it to the Tenbagger in 5 years.
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@Tenbagger2024 I never even had them on my radar 😅
Once again you can see that there are endless opportunities on the stock market outside the mainstream.
Once again you can see that there are endless opportunities on the stock market outside the mainstream.
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@TomTurboInvest
That's right, it's always worth looking left and right. And to dive for pearls.
That's right, it's always worth looking left and right. And to dive for pearls.
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I see 2 turnaround candidates. Puma and Nike. So if one of them then $NKE. But I didn't get in because I think it will take a few more quarters and there will be better opportunities by then.
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•@Multibagger It will still take time to reach the old highs, I agree with you. I'm speculating on a return to around 90$. If the current support breaks, it will be bitter. Do you think we will hit the 50$ again?
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@TomTurboInvest If the USA slips into recession or consumer confidence falls further, $NKE will not be able to escape this and we will see USD 50. Long-term investors can also buy a first tranche at USD 60.
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@Multibagger The next few days will be interesting for my trade. If we fall below last week's low, then support will be broken for me and I will get out. Then we will see whether the tight liquidity at 60$ is a support or whether it runs through to 50$ 🤷🏽♂️
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@TomTurboInvest my buy in at Nike is 89€ and I remain relaxed for the long term. $NKE is such an established company, they keep coming back
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•@Max095 I wouldn't worry about the long term either - you just need patience and nerves of steel to see the down phase through. I'm at home with swing traders, so the focus is a bit different 🙂
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