MMM Chart, page-16

It does make me nervous when the market prices the opposite of what should be happening. I guess thats risk and reward for you. But its being sold to fund reopening trades, where does it stop? The reopening trades look fair value like qantas etc and this cheap.... will the money come back I wonder?
hope they dont run out of cash in the meantime, a raise for more working capital would not go down well. Acquisitions not cheap in current environment, and additional growth strategies require more capital.
Im still a buyer near the $1.36 support.