On-line accountancy platform is one of MM’s favourite holdings in our Growth Portfolio but all stocks can reach a level where the risk / reward is unattractive e.g. would you buy CBA at $150 although Bells have upgraded their target to $118 this morning? This example is more about the future, a pop by XRO above $160 will have us watching our position very closely especially if we are losing confidence in the sector or market at the time – note the stocks already corrected 34% & 25% respectively in the last 9-months hence the stocks volatility shouldn’t be underestimated.
- MM will evaluate a pop by XRO above $160 if / when it occurs.
MM is bullish XRO
Add To Hit List
