Q: Hello 5i,
Now that MG & CTJ has confirmed above the 200 day moving average (daily chart). Are these good buys to fill up a full position as I currently only have 1/2 positions. I was thinking of waiting until past liberation day-2 to add.
Now that MG & CTJ has confirmed above the 200 day moving average (daily chart). Are these good buys to fill up a full position as I currently only have 1/2 positions. I was thinking of waiting until past liberation day-2 to add.
5i Research Answer:
MG still has some risks, but is priced well and the stock is acting well. We might still not go to a full position, but would consider 3/4.
CJT has had some good news of late but is more expensive on valuation. We would be less inclined here also and might leave 1/4 buy position as well on the table just to see how markets react post the new tax bill and with Q2 earnings and Q3 comments which will start coming out soon.