Having made >50% off this as a 1year hold from a couple of...

Having made >50% off this as a 1year hold from a couple of parcels in low and mid 20s bought last year, I think I might take profits if it rises much further at these levels, given the takeover fell through and the growth outlook is solid but not worth $40+

im not so much concerned about alu long term, I’m just looking through my portfolio at which companies are likely to get most smashed when the market next takes a 15-20% correction, as inflation emerges and interest rate rises near.

it could run well past $40 but I think this is a time to expect that future returns will be more modest and the risk of a major and sustained downside capital loss has risen compared to anytime in the last 10 years since I started investing.

I will look to sell half at around $39 if we can get back there to the circ’s $40 all time highs and then hold the rest, either for a longer term hold if they drop back or will sell the rest if they pass 45+ or get another takeover offer at 45+ (unlikely anytime soon imho).

just sharing my plans based on my target price being hit for others to compare to their own long term IV targets and to consider their own future market projections for risk vs reward over the next 12-18mo.