Short CPU.ASX (time to take profit)

Short CPU (time to take profit)

CPU

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On 27th of May 2016 I recommended going short CPU, the stock has now sold off over 15% in 4 weeks. It’s time to take profit.

Buy back short exposure at or near $9.00

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks