Member Info for bobocaca

That sounds like the type of transaction shortseller use to lend and return shares?

02-Mar-22 16:13:51 466.80 860,628 Buy* 465.60 466.60 4m

If you look at London Stock Exchange website, that is marked as TNCP. Not 100% sure what it means, I guess it is a late reporting. Having said that, we don't know whether that is a buy or sell.

Yea, my feeling is also that pullback does not happen before 600p.

The SP has risen rapidly, it is now on 9th consecutive days the SP is up, longer run than ever. It is inevitable that it will fallback in coming days. Stocks like Darktrace are destined to be volatile, I just hope the fallback is not as drastic as what happened after the last trading update.

The business still has huge growth opportunities. We don't know if, or when this will happen but a RNS about winning contract from US government will send the SP through the roof.

Alright, that explains the 11M shares UT on 18/2. Millenium International and other shorters below 0.5% closed their short positions.

Yes, tomorrow's result has already been covered in the last trading update, but tomorrow will provide additional details such as cash balance etc. One thing I'm looking forward to is updated earning guidance. They will also hold call with investors, so potentially attract more investors.

I'm break even on Darktrace already but will need it to rise to 510p to recoup my loss from my previous Nasdaq stocks.

I'm quite (in fact, very) bullish now. Unless you intend to exit stock market altogether for now, then there is no better stocks to hold at the moment than cybersecurity. Cybersecurity and defence stocks are the only one that in green on both side of ponds. The market sentiment has shifted, so should the investment paradigm. We bound to exceed 475p and Peel Hunt would upgrade the rating shortly. I expect the journey towards 1000p to be less bumpy this time. Unless there is material change in the business, I plan to hold onto my shares for a long long time.

On the other hand, I didn't do accurate calculation but Angela's recent sale should be around 7M shares which is sizeable but that didn't dent the share price.

You can't cold call Pentagon to sell them security software from foreign country. The best way is to hire ex-Pentagon, ex-CIA, ex-government officials to approach their old contacts and to build business relationship. That's exactly what Darktrace is doing.

I certainly hope Darktrace could lead the turnaround of tech market.

On the other hand, Darktrace has just opened a few job vacancies on LinkedIn for European languages speaking (German, French and Italian) business development. They are certainly eyeing for more business in Europe.

I haven't seen a stock that could sustain >12% rise in recent months, they all fell big the next day or few days later. However, I think the next few days before before 3/3 still present buy opportunities. Stock market is unpredictable. So my tactic is to spread my next tranche very thinly over the next week.

https://www.telegraph.co.uk/business/2022/02/25/us-microchip-powerhouse-nvidia-hit-cyber-attack/

I don't normally post about cyber attack but Nvidia is a special one. It is not an IT-illiterate, old economy companies, in contrast, it is one of the largest, high tech company in Silicon Valley.

That might explain why there are a few psycho among us....

Mentioned of Darktrace in an except from https://www.telegraph.co.uk/investing/funds/invest-like-warren-buffett-trade-secrets/

The problem with initial public offerings is that we don’t get enough time to do our research. We like to crawl over things and kick them before we put them in our portfolios. With young companies, their financial records do not go back far enough.

We have taken part in one IPO: the cybersecurity company Darktrace, which floated on the London Stock Exchange last year.

I looked at the business five years ago. I knew it was going to list and we had plenty of time to get all the financials we needed at Companies House. We were primed and ready to go by the time that IPO came.

Darktrace has been volatile, but we do not think that volatility is the same thing as risk. Anyone who is afraid of volatility would be in a psychiatric institution by now, having ridden Darktrace all the way up to £10 a share [from a purchase price of 250p] and all the way back to 340p.

by the way, I'm not a Bob. I'd preferred to be called bobocaca or bbcc for short.

It was 331p yesterday morning. so over 22% profit (or loss for those who sold) in 2 days.

In fact, I think today's rise is higher than any day in the good old days.

Broke 15% now!!! The good old days are back ...

You don't need leak to know that cybersecurity is going to be big in aftermath of Russia invasion, it is all over the news.
Yesterday, US led the rise in cybersecurity stocks. As there aren't choices to buy in UK/Europe, the money has been flocking into Darktrace. Imagine the upside after US market open today, and after 3/3.

I believed if SP could fall 15% in a day, then it could also rise the same amount in a day. That's why I have been holding all my shares. Today could be the day to prove my belief.

I'd like to thanks you guys for the emotion support for me to weather through the last 2 weeks.

I guess the US market rallies after Biden said US is not fighting in Ukraine.
I think the best outcome is for Russia to go get what they wanted, and end the war by weekend. Then let the West impose whatever sanctions on them, and continue the rest of fighting in cold war. May not be ideal for democracy, but that minimise casualty and damage.