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Audinate – AD8

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Question asked 31/05/2024

Audinate – AD8

Dear James and Team Thanks for your ongoing commentary. You topped up on AD 8 a couple of weeks ago , and since then the price has kept falling I am not being critical in any way but I am asking what made you pull the trigger then when it appears that there is a price support at around $15 ( early February 2024 ) I am just trying to educate myself and your logic in terms of buying when you did I understand that it is extremely difficult to pick the bottom of any stock or the market I am a holder of AD8 , I like the business and wanting to buy more once the selling pressure is exhausted - it must be close now Thanks David

Answer

Hi David,

We use a broad range of signals and reasonings as to when to make trades on the portfolio. The key triggers we were waiting on was for the gap to ~$16 to close and signs of buying support returning post the index inclusion sell down we have flagged a few times in reports & questions. While an entry ~$15 would have been ideal, we believed the risk/reward balance stacked up a little earlier which led to the alert.

Each trade in our portfolios have several reasonings behind them, varying by which portfolio they are held in, initial weighting and overall sector allocation to name a few.

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Audinate (AD8)

LAST UPDATED 31/05/2024 12:13

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