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Shawn’s Trade Idea: Premier Investments (PMV) $12.00

Following yesterday’s less hawkish than expected commentary from Michele Bullock and the RBA we are taking a contrarian bullish stance toward Australian retail via Premier Investments, initially targeting the $15 area, or 25% higher.

PMV
Buy Premier Investments (PMV) at $12.00 with stops at 11.20, around 7% risk.
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Premier Investments Ltd (PMV)
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