We followed our plan yesterday and took a 15% profit on our small position in Aristocrat Leisure (ALL) near $36. Most breakouts fail however after a couple of attempts to push through the $35, yesterday ALL was successful. That triggered a short term sell for MM and while we like the ALL story, we viewed it as a good funding vehicle for a tilt into independent platform operator, HUB 24 (HUB).
MM is now neutral ALL around $36
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