Join Date: Dec 2010
Maserati Life Posts: 1,425
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Ferrari shares purchased yesterday
The initial price per share for the Ferrari company at the stock exchange ("RACE") was absurd and it was amazing to see so many people buying the stock at this inflated price.
It has now decreased by about 40% and I opened a position yesterday when it was down an awful lot. At that level, I have more confidence that it is fairly priced and the future is bright (increased demand, future models, increased production, ...).
Did some of you also buy shares recently when they were at their lowest level? Where do you think they can go from that level?
A dividend would also boost the stock price.