First profit target reached – Increase stop loss

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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December 29, 2021

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High Conviction Report | MIN.AX

At the start of trading today, the first profit target on the Mineral Resources (MIN) position was reached.

The profit target was set at $55.00 for 100 shares. At the start of trading, the opening price for MIN was $55.30. So we have sold 100 MIN shares at the open price of $55.30.

Following today’s sale, the HC report is left holding 200 shares with profit targets on 100 shares at $62.50 and another profit target for 1000 shares at $70.00.

Given the sharp rise in the share price, we will once again increase the stop loss level.

Trade Action

Stop-loss level increase on 200 shares to $47.50.

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.