Platform provider HUB is one of our smaller holdings hence its more likely to be a sell as opposed to a reduce, the stocks been gaining strength over the last fortnight even as global equity markets have been sold off. This can be a volatile stock at times and if the current momentum continues to improve taking the shares towards $30 over the coming week’s MM will reconsider this holding as it remains priced for ongoing impressive growth i.e. there’s room for disappointment. Note we like the company but ~20% higher it starts to feel fully priced in today’s “anti-growth” environment.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM will consider taking profit on HUB around $30
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