LNAS
- BOUGHT $7.30 (23rd April)
- TAKE PROFIT around target >8.70 (+20%)
As mentioned when we bought LNAS, THIS IS A SHORT TERM PLAY ONLY AND WE WILL BE QUICK TO EXIT AT OUR PRICE TARGETS
Microsoft and Meta are both largely unaffected by tariffs, and understandably there is optimism around these numbers due to the AI thematic, which isn’t going away. However, the 2 most tariff affected “MAG7” stocks, Apple and Amazon delivering earnings tomorrow, we see the risk too high in continuing to hold a leveraged long position (LNAS)
We will also be looking to selling or trimming other portfolio holdings over the next week and return to a high level of cash, expecting a second leg down
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.