We could have easily gone with Xero (XRO) here after its 25% pullback but we’ve finally plumped for WTC because it’s really been performing on the corporate front – we will find out more in around 4-weeks when they report in late February. So far WTC has pulled back 14% and a dip under $50 will make the risk / reward compelling in our opinion.
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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 likes WTC under $50
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