How is SNOW tracking
MM recommended SNOW in the international equities portfolio on 1 March and it has dropped around ~7%. Has MM reconsidered it position and will you look at selling if it drops another 2-3%?
The Latest Q&A
Answer
Hi Nick,
We bought Snowflake below $140 originally and added to the position ~$163 in March, with the combined position showing a ~5% open profit. We like SNOW and see good risk/reward at current levels ($US159), and we’re unlikely to sell if it drops another 2-3% – moves like that are just noise.
