Another stock in the materials space to fall ~4% yesterday was recycling business SGM which is now already 10% below last week’s high, the risk / reward will start to look attractive around the $15 area but a deeper correction wouldn’t surprise in today’s volatile environment, especially if the $US bounces as it did overnight following the Fed minutes.
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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 likes SGM ~5% lower as a level to start accumulating
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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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
Recorded Monday 25th March
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