MM has been flagging a potential foray into a2 Milk (A2M) if we saw a failed spike under $10 which is exactly what Tuesday gave with the stock reversing higher on good volume. The company reports on the 25th and perhaps the 6.4% short-position is becoming nervous, we saw what happened to Z1P – we are considering a speculative play with a small initial weighting ahead of their result, leaving ammunition to add to the position post results.
MM likes A2M around $10
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