We discussed ALU in Wednesdays afternoon video update, the stocks rallied strongly over recent weeks putting our position up around 50% which makes it very easy psychologically to take profit. However when we consider the confident manner in which the board rejected Autodesk’s (ADSK US) takeover offer, even when it was rumoured to reach $40, we feel confident there’s more left on the upside for ALU and we wouldn’t be surprised to actually see acceleration on the upside into 2022.
MM remains long and bullish ALU
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