Update #2: Aspen Pharma - Using These Highs To Further Reduce
For traders who held onto APN, it's been a great medium term trade. Our initial long at R147.14 on 14 April and then follow up long at R163.58 on 28 May.
Recently (16/08) I mentioned using the highs of 18692c to reduce some (40% of position).
Today, at 22000c, it may be prudent to use these highs to continue reducing (potentially another 40% of the medium term trading position).
The two original ideas as well as the recent update has been attached.
Well-done to all who got aboard this move.
For more insights and real-time trading ideas, whether retail/individual or industry professional, get in touch today.
Recently (16/08) I mentioned using the highs of 18692c to reduce some (40% of position).
Today, at 22000c, it may be prudent to use these highs to continue reducing (potentially another 40% of the medium term trading position).
The two original ideas as well as the recent update has been attached.
Well-done to all who got aboard this move.
For more insights and real-time trading ideas, whether retail/individual or industry professional, get in touch today.
