When we tweaked our Growth Portfolio on Wednesday one stock we considered increasing exposure to was CSR Ltd (CSR) which of course then proceeded to rally 4.5% yesterday – fortunately Qantas (QAN), ResMed (RMD) and CSL Ltd (CSL) all outperformed but I did think to myself yesterday “no guts no glory” as we could have been even more aggressive. However while we do still like CSR under $6 considering our target is only 12% higher MM is likely to stick with our existing position size.
MM is long and bullish CSR targeting the $6.50 area
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