As we mentioned previously we believe tech stocks are poised to correct their savage decline since late 2021, potentially even the underperformers like MP1 which has tumbled over 40% at a rate of well over 10% per month. We’re not an interested buyer of MP1 but it looks very similar to ALU and HUB with the next 15% looking likely on the upside.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes MP1 technically looking for 15-20% upside
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