CWY has endured a tough week falling -10% from Wednesday’s high on big volume as a large seller (s) appears to be trimming/exiting their holding into EOFY. Usually, when a position of ours falls on large volume for no apparent reason alarm bells start to ring but into June 30th fun & games often unfold on the stock level.
- We still like our CWY position but to lift our exposure from 4% we would want to see a further 5-10% downside.
MM will consider increasing our CWY position into further weakness below $2.45
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