Ferrari N.V. (RACE)

I like this stock. I like this company. I DO NOT have my life savings in it, but I do have a little bit of money in it. I think my price point is right around 201? I'll add to it if it dips lower. This is an iconic brand and an iconic car. CO2 emissions don't factor into the production of Ferraris. They don't make enough cars to contribute to CO2. Look, they make and incredible product. I have never driven a Ferrari. I haven't. I did get to take a ride in one once in Las Vegas. OMG. It was a special car. It was not my dad's Dodge Caravan. It was something special. I, usually, do not go by charts. But, look at the chart of this thing, man. It does one thing...it goes up. Sure it doesn't go up like some sexy tech stocks...but, it goes up over time. I say this is a buy and hold. The brand is solid and profitable...and the stock will go up. I look 12 months in the future...that's my time horizon. This stock will be higher and stable 12 months from now. It may dip lower, but I think it is on sale right now. I'd say buy it. I'd say hang on to it. I'd say be patient and it will pay off in the end.

I bought RACE in 5-2016 at 37, I don't believe they were ever much lower, I think they start at around $40, I checked my records. I don't know why are lower in the last weeks, the company is strong and customers are waiting for their new models, every car is already sold before his creation, no other car producer in the world can compete with Ferrari, they have been trying for tens of years but the stock market is not completely aware of this, this is probably why the slow down, it's an Italian car and Wall Street is in America therefore some experts have some problem foresee the outcome, they don't speak Italian. Ferrari since the opening have never missed the positive forecast, never and I'm sure it will be the same next meeting in January or February 2020. "Ferrari sei Grande" !