140 in play?Looks like it has reached its support "zone". Yeah its a zone because it can hit 75 as well. But in the short term it has the potential to hit 140.
Fragrance
EL - Estee Lauder Cos: Is the end of the capitulation?up +5%.
I am buying right now, right here after this bounce of +5%.
no more than 5% to 7% of my portfolio.
I know that the stock has been completely decimated, they have high levels of debt, their profit margins have decreased from 6.9% to 4.2%, insiders have recently sold, and the dividend is not well-covered by the cash flow.
However, I have confidence in this technical rebound before the earnings announcement in 6 days.
Wish me luck, and I hope the dividend will cover the potential losses, lol.
Close to the bottom? 200 then?It may be close to the bottom. Anywhere between 100 to 130 is a buying range. It could jump to 200 then.
