ALU hit a 52-week high yesterday as a major US counterpart reported a stronger-than-expected quarterly result, while recent outperformance by growth stocks was also supportive. We are still targeting a further 6% upside by the NASDAQ hence our patience about our 5% ALU position in the MM Flagship Growth Portfolio.
- The risk/reward is not great on the surface but we continue to like ALU and will be pedantic about trimming/cutting this position.
MM is still considering talking all/part profit on ALU around $41
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