Mantra

I currently have a paper loss of about 20% on Mantra. I have been caught before selling out of shares only to later see them recover.

What is your view on Mantra?

A: Thanks for the question.

I think it is a good idea to set “loss tolerances”, and if Mantra has hit yours, then it may be time to sell out. In my experience, the old axiom “your first loss is your best loss” proves to be true more often than it is false.

In regard to Mantra itself, I don’t mind the stock per se – although I prefer to remain underweight in this sector.

As for the brokers, their target price is $3.69 (cw current price of $3.05), with sentiment neutral.

Hope this helps.

Regards


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