MP1 has left the Australian IT sector in its wake over the last month bouncing almost 40% on the spicy combination of a solid 3rd quarter and a significant short position which was over 7% a week ago. Previously MM had been looking for a bounce into todays region to close out this position but the recent company news is likely to see us give this holding more room for now.
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Performance update for March, stocks that drove returns & our current positioning
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
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Market Matters Research Lead Shawn Hickman with David Koch
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
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MM is bullish MP1 around $14
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