BEN is a bank which certainly likes to spike higher on news, last February it surged higher following its half-year result but things tend to calm down fairly quickly afterwards, the stocks actually fallen more than 3% during the last month leaving us more comfortable as observers at least short-term. However another ~8% lower and we will be considering the stock very carefully.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes BEN ~$9.50
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