MM went long IGO not long after our previous report and so far so good with the position showing ~10% paper profit. Interestingly this battery storage focused business looks similar to PLS in our opinion, initially we are looking for another 5-10% upside before a potential period of consolidation. We might be tempted to take some profit here especially when we consider the stock would be up around +75% for the year.
MM is bullish IGO short-term
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