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https://uk.finance.yahoo.com/news/darktrace-astonishing-rise-makes-city-182344028.html
Did anyone follow Investors Chronicle advice a month ago to sell Darktrace then and reinvest in unit trusts? How many tears have you wept since?
The fall is nothing to do with Darktrace itself. It seems to be that the whole sector is down.
Crowdstrike is down 4.3%, and SentinelOne 5.74%
There's no news or reason for today's fall. My guess is that it's a major investor nervous about Wednesday's results dripfeeding his shares into the market all day.
A month ago three large investors sold 23 million shares at £6.20 each. I bet they're upset now.
If you're interested, my second biggest holding (after Darktrace) is Croda.
I wonder how much of today's share price rise was because of the takeover competition for Blue Prism - a unique British tech company being acquired on the cheap by American companies.
Crowdstrike, SentinelOne and Darktrace are all down almost exactly the same today - just over 5%.
No reason for it apart from political trouble in Afghanistan.
Last one. Users prefer Crowdstrike and SentinelOne over Darktrace, but only by a fraction.
https://www.trustradius.com/products/darktrace/competitors
Mostly very good. The odd criticism
https://www.gartner.com/reviews/market/operational-technology-security/vendor/darktrace/product/darktrace-industrial-immune-system/reviews
Well worth reading...
https://www.gartner.com/reviews/market/email-security/vendor/darktrace/product/darktrace-antigena-email/reviews
I don't believe anything that our fantasist steviewonder posts.
He says, "I made 4x my money on Autonomy."
and
"...we go back to the Blinkx days,i made £491K out of Blinkx/Rhythmone/Tremor"
Liar.
https://www.thetimes.co.uk/article/darktrace-investors-sell-23-million-shares-m2j3qwsrk
When Autonomy became profitable, Mike Lynch went round the big American technology companies offering it up for sale.
I am sure this is exactly what will happen to Darktrace. Once it becomes profitable in perhaps three or four years, the select band who own nearly all the shares intend to offer it up for sale in the same way. It's the only way they can get back all the money they have invested.
After the IPO it zigs up, because cybersecurity is a really booming business. Then the shock.
A competitor has an IPO and shareholders in DK sell out to buy these new shares (SentinelOne), so it zags
It zigs up again. Then the shock.
The Courts rule that Mike Lynch has to go to the USA, so it zags.
It zigs up again. Then the shock.
Several institutions decide to take profits and run, so it zags.
It zigs up again.....
You have to be a long-term holder with this stock.
Anybody got the full article?
https://www.sharesmagazine.co.uk/article/darktrace-may-be-the-most-innovative-cyber-security-play-on-the-market
It's favourable.
https://www.fool.co.uk/investing/2021/08/05/the-darktrace-share-price-dips-is-now-the-time-to-buy/
What's the "II-only book building"?
The top 4 shareholders own 57% of the company. They can decide everything in a Zoom meeting between them.
The only reason for us to go to the AGM is to find out more about the company.