We’ve been long MRE in both the short term and intermediate term portfolio’s over the last week or two. We saw it jump 35% on Friday and it came out of the gates hard this morning rising another 28%. Subscribers were told to take some profit at $0.85 as the stock has a tendency to get up and fall back just as quick. Todays high was $0.785 before selling off after an ASX query. We’ll see what transpires from here. Our only other short term position, BRM, closed +4% and is moving at a more sustainable pace.
The intermediate term portfolio, the Growth portfolio, picked up some new picks for today, one of which was Toro Energy (TOE). It popped over 50% in early trade before settling back to +30% on the day. It seems some renewed speculative fervor has re-entered the markets, but can it be sustained?
Facebook comments: