Tiffany & Co. (tif) In Trouble After Comments By Lvmh

Discussion in 'Investment Charts' started by gowiththeflow, Oct 10, 2018.

  1. gowiththeflow

    gowiththeflow Senior Investor

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  2. J_C_Anderson

    J_C_Anderson Member

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    It seems that there is something like a support here. S&P is in the downtrend, whether TIF has flat (even in the upper range). They had massive selloff after earnings report this summer, so the aren`t so overbought as the other market.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    I agree @J_C_Anderson looking at the graph the shares did seem to be flirting with a recovery but this was dashed after the comments from LVMH. There must be some natural support around the $100 level, so maybe a little more downside in the short term, but certainly no reasons to buy. Would you agree?
     
  4. Chartman

    Chartman Senior Investor

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    There does appear to be a degree of support around the $100 level and as someone has already pointed out, the shares were already well of their recent highs before the fall. Would this make a tasty morsel for another company or would they be foolish to buy a company with so many shops as opposed to online sales? That said, who wants to buy expensive jewellery online?
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Companies like Tiffany will always attract visitors to their shops but they will also need an online presence to get their name out there. It is the value of the jewellery and the personal service which make it stand out from the rest. Anyone else got any views on this one?
     
  6. Chartman

    Chartman Senior Investor

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    After the bounce from the recent fall - and bearing in mind what some watchers have said above - we might be at or near to the short to medium term low. Recent comments from LVMH have set the bar very low for the next results from Tiffany's - so low that they could only surprise on the upside?
     
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