How do you feel about it? And do you plan to change strategy? Is this paring back valuations of high flyers? Or something bigger?
If you've got a diversified balanced portfolio or UK HYP, this time it's lucky you
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frunk wrote:Darn, I bought the SMT cool aid close to its ATH. Nursing a sizeable 4 figure loss now, the decision is to sell and take the hit or ride it out. Looks like the stock has some support around 950, but it could just as easily go lower. I think I need to stick with it, but I think I am in for the long term now a few years at least. Stock recovered a little to 970, so maybe we are at the bottom of the rout?
mark88man wrote:frunk wrote:Darn, I bought the SMT cool aid close to its ATH. Nursing a sizeable 4 figure loss now, the decision is to sell and take the hit or ride it out. Looks like the stock has some support around 950, but it could just as easily go lower. I think I need to stick with it, but I think I am in for the long term now a few years at least. Stock recovered a little to 970, so maybe we are at the bottom of the rout?
Me too a bit - I am trying to move away from individual shares but fancied the racier exposure so I too bought SMT.
I'm holding tight although not only do I have an actual 15%loss at the moment I also have the opportunity loss that my LLOY shares which I top sliced to release funds have done very nicely. So overall up but as you say a good 4 figure delta to the bad.
I see LLOY as part of the value bunny that is means reverting, so when that has seen the good news from the lockdown ending (I think it has another 10-20p to go) I will sell that and SMT will still be on the list - and hopefully not run ahead of itself too much
frunk wrote:Looks like the stock has some support around 950, but it could just as easily go lower.
NotSure wrote:While discounts/premiums can change (a bit), surely the NAV at least is subject to forces beyond the buyers and sellers of an IT?
Adamski wrote:Not sure if we're technically in a market correction territory but for those holding US and China tech stocks, there's been a big sell-off.
How do you feel about it? And do you plan to change strategy? Is this paring back valuations of high flyers? Or something bigger?
If you've got a diversified balanced portfolio or UK HYP, this time it's lucky you
frunk wrote:Darn, I bought the SMT cool aid close to its ATH. Nursing a sizeable 4 figure loss now, the decision is to sell and take the hit or ride it out. Looks like the stock has some support around 950, but it could just as easily go lower. I think I need to stick with it, but I think I am in for the long term now a few years at least. Stock recovered a little to 970, so maybe we are at the bottom of the rout?
NotSure wrote:frunk wrote:Looks like the stock has some support around 950, but it could just as easily go lower.
Do things like 'technical support' apply to ITs? While discounts/premiums can change (a bit), surely the NAV at least is subject to forces beyond the buyers and sellers of an IT?
tikunetih wrote:...and have used this recent sell-off to begin buying a new long-term position*
*Only tangentially tech-related
Adamski wrote:Definately in tech correction territory today. Smt down 6.2% yesterday, 4.3% today.
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