MM increased our position in STO this week after the stock’s ~25% correction. This has been our preferred local company throughout 2021 and it maintains this mantle today, our patience towards entry has been rewarded with this one – we are bullish STO ~$6 liking the risk / reward after the stock’s pullback over the last 2-months.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM is bullish and long STO targeting the $8 area
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