27 September 2024 - take profits
Readers will recall that we put up the shares in Burberry on 4 September as a trading buy at 639p with a share price target of 700p representing a gain of around 10%. The shares subsequently fell back to a low of 571p a few days later as we were clearly too early in our tip. We had felt that the share price had fallen too far as the company had not made any more negative announcements, although negative news on the Chinese economy, the group's biggest market, had clearly had an impact. We . . .
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