Queries on FSLR, FTCH (US) and CLX, RPL (ASX)
Hi MM, I have the following queries on quite different stocks (across two markets): 1) FSLR: My understanding - but please correct me if any of this incorrect - is that you are quite positive on this stock and its prospects and consider current levels a good (or even very good?) entry point. However, to what do you attribute its recent share price fall from a high of around $230, and particularly below support at around $200? With the price having now "closed the gap" (as at the time of writing), and given current sentiment in general, were MM buying in for the first time, would you buy now or target lower levels for your entry? 2) Farfetch Ltd (FTCH): what are MM's views on FTCH's prospects, including as a turnaround play? If you like the stock, what would you consider a good entry? 3) CXL: can you please provide your updated views on CXL, given price action over the last month or so and particularly the last three days. Is MM still comfortable with the stock/its prospects and continuing to hold it? Would you consider current levels a good entry point? 4) RPL: a similar query to CXL in some respects. To what do you attribute the recent PA, is MM still comfortable holding the stock and would you consider current levels a good entry point? Many thanks - and hopefully the Aussie market rebounds quickly from today's savage sell-off! Darren