As we mentioned previously we believe tech stocks are poised to correct their savage decline since late 2021, potentially even the underperformers like MP1 which has tumbled over 40% at a rate of well over 10% per month. We’re not an interested buyer of MP1 but it looks very similar to ALU and HUB with the next 15% looking likely on the upside.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM likes MP1 technically looking for 15-20% upside
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