We have aways to go.
And if the head winds of the euro weren't there, we would be in the high teens (although I would suggest that the low euro boosts the price).
Then, again, we shouldn't complain - we were about 12.50 two months ago. As the european economy improves, and the euro returns (imho) , we should see renewed highs. Maybe the 20's. Although an extended timeline may be in order.
I've spoken about head winds before - a slumping European economy, declining euro, the shadow of regulations in a lack of dividend, despite fair earnings. They may be shifting. The European economy may be bouncing back a little sooner than expected, the euro is recovering from its lows (its up about 10%), and the dividend has been issued. We are solidly over 16. Perhaps we are finally recovering.
We do seem to be marching towards that. Slowly, but steadily.
The earnings seemed to have come out nicely, and the dividend issued. We are nicely over 16 in early trading. Maybe the march will continue.
I remember one time in about 2003 or so that the stock steadily rose for nearly 4 weeks. Every day it was up; maybe only a few pennies or so (and the euro price might have been off on a few days, but the euro was up which still resulted in a US up day). If we could only repeat that.
You're getting very close, at least in pre opening activity. It's at 15.01 euros as I type, and at the present US/Euro rate, it's at 16.75 US dollas.
Maybe it will again - maybe not?
But I was out @ $15.19 - took the money and ran - didn't catch it quite at the top - but now I am glad that I did it!
Break down coming?
Good luck holding!
And after another week, we are still hovering at around 15 - sometimes we seem to be about to break nicely over it, sometimes we just seem to fall back. The euro certainly isn't helping. I'm hoping that there is a strengthening of the European economy, which will increase the euro price, and a similar rise in the euro. Both would move this into the higher teens.
In the interim, we will have to await earnings and the confirmation of earnings. If the earnings are decent, and the dividend is confirmed, I think you might see a 5 - 10 % rise.
bought some kilo:
Targets: Target Dist to Date
Independent Research GmbH 17,00#$%$ 26,34% 14.04.15
Morgan Stanley 14,80#$%$ 9,99% 01.04.15
Citigroup Corp. 15,40#$%$ 14,45% 31.03.15
Master accumulation in progress, looks like we will continue to get new high every week for a few more weeks.
ECB is going to make you easy money.
Sentiment: Strong Buy
4/30/2015 ....4,285,412 can take more than few days or weeks, as new shorts come in. It is the spike up or gap opening with high volume is bullish.
Have a happy Memorial Day.
I am a trader and will be out in few weeks after this summer rally.
Sentiment: Strong Buy
Greece must leave the Euro together with italy,Spain and portugal .
That are bad economic countries who can never recover from the yanks subprime fraud.
The subprime fraud hit their debt over 135% wich is too high.
The Euro will collapse because north Europe also hitting very bad by the subprime fraud survived the subprime but can not survive the troubles of sought Europe.
So the greed of the Yanks killed Europe again for the third time in 100 years.
WW2 Roosevelt provoked the troubles of Germany and Polish to a war wich he wanted for his 20% unemployment rate.
I think you have 20% to go on the price of the stock on a euro basis, and another 20% to go on the price of the euro. That could mean a price in the low 20's.