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Amran - SOPHOS still continues it's small but daily rises......just what you want from a share.
Small daily rises go under the radar so you won't end up with huge swings daily.
There is no reason why these small daily increase won't continue.
Morning Amran. Let's hope so. Dropped 5% last Tuesday so who knows, but I'm optimistic for now.
Up 5% since Monday - I'll take that, come on Sophos
Amran - Like I said yesterday, small positive SP movements every day on SOPHOS is good.....all builds momentum.
I took £30k out of Sophos earlier in the week and put into FLYBE just before close of business yesterday.
My £30k investment made yesterday is now worth circa £42k....and YES.....I am taking the £12k profit right now.
FLYB could go far higher but I'm more than happy with the £12k profit in 24 hours.
It was a big gamble, and not one I would usually take, but the SP crash on FLYBE over the past few resulted in a panic selling of epic proportions. It has been the largest profit I've ever made on a single 24 hour trade...£12K.
Good luck with Sophos - I'm sure it'll work out very well for you.
Dow futures could be down so maybe we won't close at 350p mark. FTSE isn't great either so any plus on yesterday will be good. I'm still dreaming about 400p plus but I think that's still a few weeks off. .
Seems to be tracking the FTSE again
Great rise over the past few days. I still believe SOPH is undervalued. £4+ should be easily achievable by Christmas. One to hold and top up when possible.
Amran - I usually take the profits when they are on the table, it's always tempting to hold out for a higher price and sometimes that doesn't work, sometimes it does. Money in the bank is always good.
Sophos should be ok moving forwards as the panic selling is now out of the way. Little increases in SP every day is far better than one big increase on a single day.....small increase builds momentum.
I never have regrets if a SP jumps after I sell.....Money in the bank is far better than what could have been!
FTSE down again but Sophos holding well so far
Good luck Amran - it's all looking positive for Sophos now, some momentum building.
If the U.S markets behave themselves tonight (and I think they will)....then Sophos should pick up some momentum.
Once investors/traders see some momentum, they tend to jump on-board.
GLA
And up we go, buys coming in and Dow futures for today are up
amran looks like you are calling it right.good luck also
I took a gamble and decided to trade SOPHOS today.....SP wasn't going anywhere so took a chance.
Worked out well even though it was a pure gamble....picked up @ £3.16 and sold out @ £3.28 = £1,040 profit.
It the U.S markets stabilise/pick up then I'm sure SOPHOS will move higher. I've taken my money out as I can see other stocks where the return is far more favourable.
GLA to those who are holding
Thanks Amran, I'm always interested in the tech info, plse keep it coming. .
I'm still in and going to wait for £4. All a bit of a gamble but bearing in mind the hit on the FTSE , Dow, Brexit etc and on tech shares Sophos is holding up well IMHO
morning amran sophos looking a little stronger this morning and glad that you are back to your 3.25 or thereabouts.does seem to be in the range you suggest but I'm afraid i have no idea whats around the corner.may be there are better opportunities elsewhere .hope whatever you decide works out well
i don't like to give advice so please don't take this as such but I've just read FTSE12s post of 15.18 and i think it encapsulates the situation extremely well.sorry for the truism but i do think it is much easier to lose money than make it and recovering lost ground is usually much harder than losing gained ground.i am therefore largely sitting the market out in cash awaiting developments and a change in sentiment .ive traded sophos quite a lot over the last year or so but i don't think I've to the nerve for it at the moment as its trading pattern was i think reasonably predictable for most of that time (there were couple of extreme movements but they still presented trading opportunities to my mind) but now it seems to have entered a different landscape with which i am not comfortable.just my opinion and probably wrong.good luck with whatever you decide
Amran, if I were you, I'd get out when the next mini bounce comes. I think the U.S tech stocks will continue to get hammered for a while yet. The bell weather was Apple and now it's on a downward trend. The negative sentiment amongst the large U.S tech stocks appears to be gaining momentum.
I personally wouldn't get back into Sophos if it falls ( could be a falling knife.....the P/E is way to high - was ok when the U.S tech stocks were doing ok, but now the tide has turned on the tech stocks.....all this impacts any UK tech stocks. The market volatility will continue until Trump comes to his senses on the China trade war.
Recent guidance from the large U.S techs is not great and to some extent this is dragging the whole market down (not just tech stocks). Yes, my view has changed over the past week - due to too much negative news coming from the U.S tech sector. Sometimes you just have to make a judgement call.
I got out yesterday - market signs were not good.
Sophos have a good product - but the market will determine what is and what is not a reasonable SP.
I'd still keep an eye on the SP. I think it's likely that the U.S tech stocks will continue with their downward trend (the big names e.g. Apple & all the Chipmakers all appear to have no positive momentum whatsoever and have been hammered over the past month or so. I can't see this changing in the short-term.
Even the great Warren Buffet has got the Apple Call wrong.....but yet again, he holds for the long term....and can afford to.
I certainly wouldn't hold Sophos until the next earnings update - every update crashes the stock by 20% - 30%.
Who knows when the market volatility will end....IMO, it'll only happen once Trump comes to some agreement with the Chinese......his trade war will only end up damaging the U.S economy.
Think what Amran says is about right. The SP is holding up fairly well all considered.
have to agree with ll you say FTSE12. having sold out shortly before the last update i was expecting a significant recovery following the sell off and have been on the point of buying back in a couple of times but fortunately(luck not judgement) have held off as worried by general market negativity.iwill probably continue to hold off until i sense a change in overall sentiment whenever that may be.
NASDQ has taken a hammering yesterday and continues it's downward trend. FANG stocks taking a bashing along with Chip Markers so taking majority tech stocks down - U.K just following. I think the U.S tech stocks hammering will continue.
In terms of the U.K, it's not just Sophos that's down today - majority of non-tech stocks are down. FTSE always follows the DOW / SP500 / NASDQ.
Market will continue to be volatile until the U.S markets show some stability.
In my opinion this is should be sat north of £4. The current price is ridiculous.
Been away for a week so catching up with the latest. As volatile as the SP usually is the share is still recovering from a massive heart attack so may be a while longer to recover. Progress is slow but satisfactory. The MMs are probably enjoying a holiday from the usual volatility,
We all wish we were in other stocks.
Personally I'd never touch either Retail or House Builders. I do like Mining Stocks, but it's a matter of getting in when they experience sell-off's...they usually drop 3% - 5% on a bad day and then a day later rise 3% - 5%.
Given where the Sophos SP is at the moment - you'll just have to make a judgement call whether to Sell or Hold.
Sophos doesn't appear to have any momentum at the moment - day traders probably don't see any profit opportunities so will always concentrate on momentum stocks i.e. Miners.
Most day traders will have either made or lost money on Sophos last week when it was in the news and have now moved on to other stocks.
Once momentum is lost, a SP tends to just move sideways for a while.