Estée Lauder Shares Plunge Nearly 20%

It can in SPEDlandia.

 

Floor is closer than sky.
Let’s buy at 37$ (90% DD)
That how I handle SOL shitcoins
Then the pray for it not to fall another 10x

 

EL has the same problem most of the consumer cyclicals do. They all bet on the China markets & they lost just like Nike, Starbux, etc.

I actually made money last year on EL DOTM calls when the Fed supposedly was going to cut rates massively in Q4 2023. That's still a viable bet I think. Just like that other POS Boeing. If China actually puts money into the consumer market it should rise on the hope of a recovery, even though it probably won't happen. The CSI already looks like its going to crash back down to its lows unless China announces more hopium.

 

EL has been under the 50MA for the past 5 months. It will take a while before EL going up trend.

 

Praying is not good trading strategy, sir.

 

EL, Ulta and ELF all near the lows. Ugly bitches are the new norm?

 

Maybe the same way people warn others not to trade with a “negative” risk/reward ratio?

 

P/E 123
Run for the hills.

Not only do the fundamentals suck, but the markets seems delusional in it's pricing.

 

PE skewed by two recent consecutive quarterly losses.

With conspicuous consumption in Asia no longer the in-thing, future is not good.

 

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