Recycling interest in Sims on Wealth Within

Metals recycler Sims Ltd (ASX:SGM) is Dale Gillham’s ‘Hot Stock’ on the HotCopper Wealth Within show today.

Sims attained 313% over 108 weeks from 2020. It’s fallen for more than 120 weeks now, but not by that much.

Dale Gillham said if Sims breaks through the $11.35 mark, it might be a ‘buy’.

“I like this stock at the moment,” Mr Gillham said.

“But remember it’ll be slightly higher risk because of such big fall, but I don’t think it’s too bad at the moment, and, as long as you have you stop loss on it, you’ll be doing ok.”

Sims has been down nearly 1.7% today, closing at $10.47.

Milking it with caution

The ‘Proceed with Caution’ stock is The A2 Milk Company (ASX:A2M) which closed up nearly 1.3% at $5.60.

Pizza’s on the nose

But the ‘Not Hot’ stock is Domino’s Pizza Enterprises (ASX:DMP) again!

Dale Gillham predicts it could drop 90% from its peak in 2022 at above $167. Today it closed at $29.34 and he says it’s ‘heading south’.

Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.au

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