Quiet Contrarian. Ep39: Trades for January 2023

Continuing to sell as the market rallies. The narrative seems to have become one of bullishness, I am not sure I believe it…

Sells

Appen Ltd – APX.ASX – Got out on recent price strength, these guys have been bleeding out for a while now. Time to let them go.

Nick Scali Ltd – NCK.ASX– Sold down to a 1.5% position, because I believe these guys will do poorly in a recession. See previous posts for longer reasoning.

Pilbara Minerals Ltd – PLS.ASX – Sold down to a 1.5% position. See previous.

Mader Group Ltd – MAD.ASX – Have been shooting the lights out. This feels like the perfect timing for a cyclical company. Getting out before it turns. Looking into similar for a number of my mining services companies.