Apple Inc (AAPL US) similar to US indices continues to nudge new highs and we both own and like the stock but the risk reward short term around $US150 remains uncompelling which ties in with a potential pullback towards June lows, again one to buy in our opinion. i.e. a potential case of “Fade the rallies and BUY the dips” but I reiterate weren’t not sellers.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM is neutral / bullish Apple Inc (AAPL US) around $US150
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