Posted below is an article from this morning where Scott Power...

Posted below is an article from this morning where Scott Power from Morgans Financial briefly mentions M7T:

Theme of the week

Healthcare finished the week up 4 per cent, compared to the broader market which rose by 1 per cent.
As we approach the halfway point of the year, tax-loss selling is also at play in the healthcare sector.
The sector has seen selling across some of the smaller names over the past week, ahead of June 30.

“What’s happened is a lot of funds have had a very good year. What they’re doing now is offsetting those gains with some of their underperforming stocks. So we are seeing a bit of tax-loss selling,”.

However Power expects the stocks that are sold now would jump right back in July.
According to him, several names that could play into that scenario include Volpara (ASX:VHT), ImpediMed (ASX:IPD), and Mach 7 (ASX:M7T).

Over the past month, these stocks have dropped by 15%, 7%, and 5% respectively, and are Power’s picks over the next weeks.

“We’re keeping an eye on these stocks, and we’re confident that they will have a big jump in July.

These share prices have been flat for the last six months, and have therefore underperformed compared to the rest of the market.”