If it doesn’t go down on bad news it must go up, or words to that effect and that’s what appears to be unfolding with Corportae Travel (CTD) a stock MM was considering at lower levels. Psychologically its extremely hard to chase CTD at current levels, up over 30% since May, but sometimes the hardest “trade” is the best one. We like CTD as a business over the years ahead and we anticipate 20% upside into Christmas although like SEK fresh recent highs could easily encounter some meaningful profit taking.
MM likes CTD targeting ~20% upside
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