P911 - Opportunity to Buy a cheap Porsche? Stock - not a car :( GETTEX:P911
We all know issues that VW group is currently facing so no point of writing about that. Lets look at some investment opportunities!
Since the start of 2024 Porsche saw a nice move to the upside where price found resistance and since then.... since exactly 224 Days, price dropped -42.27%!!! Only in November price dropped -17,33%.
While this may look bad, and in most cases is bad, there is money on the table for those who still havent invested in this stock.
We do not know 100% what will happen with VW group and Porsche, too big to fail? I guess.
There is no historic price action so we also dont know for how long this will keep on dropping and where is the actual bottom before reversing to the upside?
Me personally, I started buying some of Porsche stocks each month. We know for certain it cant go bellow 0 (Absolute bottom). There is still room to drop , but there is also profit potential on the upside towards historic prices.
For those who are willing to take the risk and have some connection to the car industry - Porsche in general, like me.. This may be a good investment in the long run.
Also do not forget that owning this stocks Porsche will be paying you dividends once a year!
Patience is the key! Play it smart!
