subject: Managed Accounts Share Trading Investment Notification - Sale Of Wow [print this page] Good afternoon, Good afternoon,
Today we made the decision to sell our position in Woolworths, at a profit of 10.7%. The stock had reached our target price of $28 plus almost the value of the dividend, the sale price corresponds with resistance on the chart, and has come after only 4 weeks in share trading position.
With the market back at highs in the current range, we consider that lightening up our positions is the most prudent move to make. We remain of the view that the best opportunities in this range bound market will be found at the bottom of the range, and we await a move back to around 4500 points or when a solid opportunity presents itself.
If you would like to speak with me about anything, please call the desk
