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 . If trades are updated through the week, these updates 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 Here.
Note: new ideas and changes to positions/stops and orders are posted on the MM Site as they unfold. Also, following requests we will be discussing targets moving forward.
We start the week with one open positions:
- Long Fortescue Limited (ASX: FMG) at $21.02, initially targeting $23.50, with stops at $21.40.
We were stopped out of Xero (ASX: XRO) and Insurance Australia Group (ASX: IAG) for a net gain last week but the last few months has proved tricky.
