Financial platform provider HUB tested MM’s psychology after we decided not to lock in any profits above $28 only for the stock to correct 17% in a rising market. We like the business and as we are holding a relatively small position the opportunity to trim our holding wasn’t on offer hence we decided to stay long which definitely felt uncomfortable last week but cream does usually float and the stock bounced strongly.
- MM will consider closing our position into a 2nd “pop” towards fresh highs ~$30.
- MM bought HUB during its aggressive “dip” earlier in the year i.e. even in todays market some quality names do provide value if only for a brief period.
Hence MM might still consider taking profit on our HUB position ~$30.
MM is bullish HUB
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