Adjust Stop Loss Higher

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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April 27, 2022

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High Conviction Report | MIN.AX

The Mineral Resources (MIN) share price has fallen sharply today, closing lower by 9.93% to be last traded at $54.67.

The fall in the share price looks to be an overreaction to the fall in the iron ore price, down from over US$150 before the long weekend to an intraday low of US$136.

So today, to play it safe, we will adjust the stop loss level higher from $48.00 to $50.25. Changing the stop loss means if the share price falls in the coming days, we will exit the second half of the position at $50.25.

Exiting the second half at $50.25 will result in an overall gross profit for the High Conviction report of 14.72%.

**TRADE ACTION**
Stop loss on 150 shares will increase to $50.25 from $48.00

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.