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Luxottica Group SpA Message Board

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  • rbw1226 rbw1226 Oct 10, 2008 12:18 PM Flag

    How much lower?

    Ok for those of you wanting to know the bottom or a good risk/reward entry, today 10-10-08 may be the day.
    This may not be the ultimate bottom, but for LUX and all the funds in the 401k today's prices could have less than 10% risk with chance of about 25% or more in gains.
    I could be wrong, so you have to decide your own risks individually.
    Best wishes,
    Burt

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    • Ok my new price target for LUX is 12.26 and as before that may not be the low, but a good risk vs reward entry. This time though I think instead of being a short term entry/exit it will be a good medium term entry.
      Heck from the 10-10-08 low to the 10-14-08 high that was a 27.6% move in just 3 days. And from the close on 10-10 to the close on 10-13 that was a nice 1 day gain of 14.6%. But you gotta know when to get in and out.
      On the 28th LUX will report 3rd quarter earnings so be ready to make your own risk/reward entry.

 
LUX
48.78+2.42(+4.96%)Jun 27 4:06 PMEDT