If we are correct and bond yields are due for a decent pullback and US tech’s “looking for a short-term low” this by definition impacts a few positions in our MM Growth Portfolio with 2 at the centre of my thoughts at this point in time:
1 – Zip Co Ltd (Z1P) $10.55 – So far Z1P has held the $10 level well, currently we are looking to take profit on another assault into the $14-$15 region.
2 – Megaport (MP1) $12.23 – MP1 has been a disappointing position for MM struggling on a few fronts however our preferred scenario is a recovery back towards $14.50 where we are considering closing our position.
MM are looking to reduce Tech exposure into strength
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