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.