XRO has gone from hero to villain in a very short space of time as highly priced growth stocks have suffered under the weight of huge value compression. Similar to RMD we like our position in XRO, but it feels on the large side in the current economic environment hence we will consider reducing our exposure into further strength.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM will consider reducing XRO ideally around $105
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