Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of portfolios available here. If trades are updated through the week, these updates will be advised in the morning note and will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawn’s Trade Ideas. The ideas are General in nature only.
- Existing positions plus new and past trades can be found on the MM website.
There are four open positions at this stage and with Christmas a few days away, followed by MM’s annual break, we only plan to manage these positions as opposed to open any new ones.
- Long Sandfire Resources (SFR) at $15.20, take profit at $17.05 with stops at $16.85, a profit stop – one is likely to be triggered today.
- Long Domino’s Pizza (DMP) at $21.50, with stops at $21.50 – a breakeven stop.
- Long Xero (XRO) at $111.23 with stops at $113 – a profit stop.
- Long Novo Nordisk (NVO US) at $US50.50 with a stop loss at $US47.50.
NB All stops have been raised from last week and we are looking to sell SFR into early strength this morning.
