- RIO Tinto (RIO) $124.01: we were looking for 20% upside but the iron ore crash limited the gains to 10% before the tide turned.
- Monadelphous (MND) $14.13: we thought mining services names would follow the Resources Sector higher, unfortunately this was wrong and we would have been better to simply go with another mining stock i.e. KISS.
- Virgin UK (VUK) $2.37: almost a perfect tick, we were bullish targeting a major rally targeting $4, the stock hit $4.14, we wish it was always that easy!
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Thursday 17th April – ASX +24pts, CGF, BHP, STO
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Thursday 17th April – Dow -699pts, SPI down -26pts
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