(VUK -4.93%): The UK bank was hit hard today just as we mentioned we were thinking of selling it in the AM note this morning. It seems the deteriorating COVID conditions in Europe are hurting this stock which is understandable. Despite the share price pull back today, we still like VUK and won’t be shaken out of the position into weakness given we think it’s worth $4.
MM is considering taking our profit in VUK, ideally slightly higher.
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