RACE Down $9.86 On Very Heavy Volume | FerrariChat

RACE Down $9.86 On Very Heavy Volume

Discussion in 'Ferrari Discussion (not model specific)' started by Nospinzone, Sep 10, 2019.

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  1. Nospinzone

    Nospinzone F1 Veteran

    Jul 1, 2013
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    Paul
    #1 Nospinzone, Sep 10, 2019
    I can't find any news on it. Anyone know something?
     
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  2. bball16

    bball16 F1 Rookie
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    #2 bball16, Sep 10, 2019
    I saw nothing. Don’t know why.
     
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  3. paulchua

    paulchua Cat Herder
    Lifetime Rossa Owner

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    Paul Chua
    #3 paulchua, Sep 10, 2019
    No clue, very strange!
     
  4. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
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    Lars!
    #4 I'm 360 Canuck, Sep 11, 2019
    I think most stocks that saw high growth this year are being sold off...profit taking.
     
  5. LittleTino

    LittleTino Formula Junior
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    #5 LittleTino, Sep 11, 2019
    I'm no expert, but I'm not very bullish on RACE. Half of the unit sales increase for the past two quarters have come from Asia. Slower than expected growth in China could really hurt them. And I'm not sure that risk has been priced in.

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  6. JP365

    JP365 Formula 3

    Mar 8, 2007
    1,345
    Chicago
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    John F
    #6 JP365, Sep 11, 2019
    Now down almost $13 for the week. NPR was reporting growth is expected to be flat for Asia going into the beginning of next year. Might be enough to cause a bit of a sell off, but I’m guessing profit taking.
     
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