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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July 10, 2024

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High Conviction Report | PNV.AX

Today we are going to increase the stop loss on the Polynovo (PNV) position.

To put it in simple terms we are increasing the stop loss to adapt to changing market conditions. The Australian share market has been stuck at around current levels for what can seem like forever but in actual fact has only been about four months.

We get the feeling the market is getting ready to have a move either higher or lower, it has to break in either direction eventually. So, increasing the stop loss is just minimising our risk if the move is to the downside.

TRADE ACTION

Current position: 2,000 shares

Purchase price: $2.17

Stop Loss: Increase from $1.90 to $2.10

Target: No target price.

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.