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MM opinion on BBOZ

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MM opinion on BBOZ

Hi Folks. Some really good stock picks lately and I have gotten on to a few of them. Thanks. I'd like your opinion on BBOZ please. Seeing as how you are tipping the ASX to get up around 7200, would it be wise to downsize on BBOZ and maybe get back in around the 7200 mark?

Thanks again.

Mick

Answer

BBOZ is a leverage short on the Australian market, often used as a hedge or outright bet on the market falling. While we think the air is getting thin around 7000 on the local index, there is no sell signals yet. We are targeting 7200 on the upside for the ASX after some consolidation around current levels.

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Betashares Australian Equities Strong Bear (BBOZ)
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