Member Info for bobocaca

I once hold 6 figures of DT, now in mid 5 figure.

Agree with Ndn71, sheltie you are just an opposite version of (former) Charles. I don't mean to judge someone's wealth but your voice here is out of proportion for your investment.

I have sold stocks too early then regret it years later. As someone in tech industry, I knew those companies were good but I was illiterate in stock market and I failed to see their potential. I sold Nvidia@4USD in 2015 and the price is almost 80x today. I would have been a millionaire if I had kept them. If I sold Darktrace and never come back, I think I will regret it again. That's why I keep buying them back later when the price fall lower. But now I put smaller portion of my money into it to reduce the stress level.

I've seen some stocks shot up 20% overnight due to some good news e.g. getting acquired. You don't know when the big good news will arrive, but Darktrace current SP is reasonable by all measures. The stock market especially NASDAQ is trending downward but as DT has already fallen >55%, I see the risk as smaller than other tech stocks. In theory, it is covid-proof and interest-rate-hike-proof.

4tothefloor, FYI, I've reported your post as defamatory. Let the board be the judge :)

Hahaha, 4tothefloor, you're so pathetic.

I have only had 45 posts, it won't take too long to read each of them. Compare the grammar, tone, how many times I support Jefferies 1000/1300 target price, DT will follow SentinelOne's footstep etc. If you still convinced you're right. Then please, please, please, I beg you to just block me. There is no need to argue with so many "Charles", don't you agree?

4tothefloor, I don't answer to you but feel free to check all my past posts or my IP address if you know how :)

As a reminder, for every share sold, a share is bought. For every reason to sell/not buy, there is a reason to buy/hold. I struggle to understand why some people try to win their argument, what's the good in that? The market will not be functional if every one hold the same view. I share my opinions and reasons, I will feel good if you agree and respect me, otherwise, then just read and forget about it, or block everyone that is not your pals.

Charles was always right before, not because he was smarter, but because it was a bull market. Similarly, you are no smarter either. What give you the right to say the SP will only go to the price you say it is going to be?

With regard to my fund, I dare you to place a bet to verify my account. Otherwise, mind your own business.

Ya, good volume post market at 431p. I myself topped up a little in last minute of market.

If you look at Yahoo chart, you can see a big spike from 424p to 447p at 4.17pm Not sure if it was error but this, together with the after market trade may be sign that big players starting to buy in.

Crowdstrike is down 9% and SentinelOne down 11%. They are experiencing correction which I see as positive sign. DT's correction started long time ago and it should coming to an end now. Perhaps their investors would pull the money and put them into better cybersecurity stocks.

The SP had quite a big drop of 5% from today's peak. I would normally have sold the shares but I keep them. Don't know why but I have a good feeling about next week. I'll revisit this thread next Friday to see if my hunch was correct.

Did Darktrace announce that the next result is due mid Jan? The last full year earning was in September, I thought they would do a quarterly report every 3 months?

Well, my fund wasn't limited. Unlike many who are 100% faithful to DT, I sold them if they fall below certain threshold. This is to limit losses and it has proved working quite well for me. Not making any money, but not suffering great loss either.

I think yesterday's 9% drop was result of panic selling by amateur investors. Partly due to the omricon scare/US market sell off the day before or for not knowing DT was going to be removed from FTSE100. I bought a large chunk this morning, and might add more at end of the day if the price stays up.

There is no chance that any US company will buy DT now. It is not worth the trouble dealing with ML lawsuit.

SP started falling again, so I guess there wasn't big good news in the AGM. Well, in that case, it will keep falling until exited from FTSE 100.

As a whole, the market is acting weirdly. All UK tech stocks have been down for a month, many with >40% drop, despite underlying businesses remain solid. I'm not sure if tech stocks will be liked by City anymore.

Over the Atlantic, many Nasdaq stocks had risen rapidly in the last 3 months (50-100%) and so are seeing big drops in last 2 days. SentinelOne is down 22%. Looks like major correction is happening. Are people retrieving money from stock market ahead of Christmas season?

Just bought back in, I think this price point is low enough. It is 'only' 10% drop away to PH's target of 475. I'm willing to take the small risk.

19-Nov-21 15:29:24 523.50 3,241,891 Sell* 17m O
19-Nov-21 15:29:22 523.50 3,241,891 Sell* 17m

Judging by the SP of around 529 at that time, I suppose those were sell.
However, I'm not quite sure about the impact (if any) of off-book trading to open market SP.

After I sold all my DT shares (by the way, I'm still looking to re-enter), I invested the money in >10 Nasdaq stocks. Now I no longer become sleepless when a stock drops 5%. There are soo many good tech stock to choose from, you should check out SP of Nvidia, Roblox to see how fast they can rise (but don't bother EV stocks which are too volatile).

Sheltie, you must diversify, unless the amount is what you could afford to lose.

I used to put ALL my money, I really meant ALL, including whole of my pension. It was bad for mental health. When the price goes down, of course I was very upset. But when the price goes up, I got too excited. I ended up staring at the SP the whole day and didn't spend much time in my job. I got 'burnt' a several times trading this stock but luckily I got out early so I'm now in tiny profit.

I must re-iterate, do not buy because rampers say so, they say that all the time. The current volume is low and so this makes it easy target for traders to manipulate the SP.

@ijgs If you simply take a snapshot of current SP (which can fluctuate hugely) against analyst's target price, then I'm afraid other analysts' of ~1000p are even more wrong about Darktrace. Interestingly though, Darktrace is only one of two that were downgraded by PH (do they really hate ML so much?). Many 'tech' stocks have fallen 30-50% in last month or so, PH's report must have spooked investors the like of THG, Alphawave, Wise etc.

Anyway, analysis ratings are irrelevant now, whether it is PH or Berenburg or Jefferies. Why? It is quite obvious by looking at the SP chart. Since PH's report broke, SP bounced back twice over 10% fom 730p to 802.5p, and more recently 577.5p to 649.5. So obviously people who believed in PH had already sold off in the first drop, and the rest are more inclined to believe Berenburg/Jefferies. So, what killed the momentum? You've guessed it, investors sell off.

Unlike target price which is anybody's guess, sell off is real and it has happened. For those who've been following/trading Darktrace is no stranger to the secondary placement@580p (i.e. the 'first' sell off), it happened twice before and bounced back so we're not worried about that. However, the director Veronica's offloading really killed it.

How much damage can be done if investors really offload their shares? Of course this may not happen with Darktrace but just as reference, Elon Musk publicly announced he would sold 10% of his shares, and Tesla SP is down over 15% from the peak. I think it will bounce back quickly once he has sold all the shares he promised, so I'm still holding it.

Therefore, for those who has strong hold opinion on Darktrace for long term, I would urge you to not look at the daily SP, or kept thinking it will shot up to 1300p like Crowdstrike/SentimentOne (DT SP is clearly uncorrelated with their US counterparts now). It is for the benefit of your mental health. Trust your instinct, and come back to check out the price after a month or so.

Also, the RNS states new shares' " .. admission will become effective on 16 November 2021." So it is not on market yet.