We have enjoyed a profitable journey with SFR over the last 4 months and as the stock rallies back over $6, another chapter looks like it’s unfolding. Importantly we like copper medium to longer term but with the very real risks of a recession looming through 2023/4, we are prepared to take profit if the stock gets too frothy although we are cognisant that China’s reopening post COVID is likely to drive demand higher i.e. an interesting balancing act.
- We only have a 3% position left in SFR (in the Flagship Growth Portfolio) hence we will be pedantic when it comes to taking a profit.
MM is considering taking profit from our SFR position around the $7 area.
Add To Hit List
