Both IGO & OZL rallied well over 4% on Monday entrenching themselves in the indexes top 5 performers, at this rate we will be making plans to cut / reduce our positions into fresh 2021 highs – or a “pop” as I’ve been describing it over recent months. Both stocks are now within 7-9% of our respective target areas. This morning might see a slight pullback by resources early on but we believe the dials turned.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM remains long and bullish IGO
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