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a2 Milk (A2M) $5.49

Unfortunately, not all MM holdings are success stories, unlike FMG this was disappointingly one, we bought this falling knife way too early, even if it had already more than halved. However the risk / reward feels ok around $5.50 and we’re likely to give this position a little more room into 2022. It might be a long time until it tests our $8.18 entry level but we like the risk / reward around here especially as China makes a few policy tweaks to suit itself of course.

A2M
MM can still see A2M above $7 in 2022, however view this as a higher risk play
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a2 Milk (A2M)
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