Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Year to date the chart for Darktrace has been very good. A 56% rise in the stock price and the dips in the 5 dips in the price follow a nice trend line. Roughly hitting 210 in Jan, 245 in April, 265 in May, 286 in July and 330 in August. The current price is well above this trend line. I’m looking to buy more at around 360/370. If it continues to rise, fantastic and if it drops buy a few more.Im not sure what it will do on a monthly basis.
It’s worth reading the backstory to this security issue. The way that friends were targeted as method to infiltrate the company. Okta had a tough couple of days but came out fighting. Fair play to them. The market hasn’t been too tough on them.
The cyber security company will be held accountable for any failure. Darktrace has a good record regarding this so far.
I’m following the MGM and Okta cyber attack story with interest. What will it do to the share price in both companies? Every company will need to invest more in cyber security. The market will ultimately lose faith in companies being breeched and handing over data and money.
And it gets no news in the press which is always frustrating. A poor day on the release of the report followed by a superb day. The bad day gets all the headlines which linger for weeks in all the search engines.
I watch the discussion on here with interest. Darktrace is well above the IPO level. That is a success. I’ve made mistakes since the IPO by buying the good news . Looking back at my trades I should have sold the good news and bought the bad.
Yahoo finance report that institutional investment stands at 104. I remember when that figure was around 50. Yet another positive statistic.
Canaccord Genuity have a buy rating on Pod Point. I had pretty much given up on my investment in this stock but you never know! If anyone can access the report please share the knowledge.
I recall Needham loudly defending Darktrace just after the QCM report. One thing worries me though. The optimism exhibited by the brokers tends to come from companies that assisted with the initial IPO or have subsequently been in partnership with Darktrace. The rating I value the most is HSBC. I think HSBC are customers of Darktrace.
That’s brilliant news. I feel far more confident putting new money to work.
Bobocaca I’m well invested in darktrace. I last invested early June with a sub 300 price and the shorts were 1.5. I’m going to keep to the strategy.
For a share price of 350 what should the fundamentals be? Maybe you could give us a data comparison? The actual data point v the desired data point. I’m not investing new money until the short interest is below 1%. That’s my base case.
Speaking Alpha yesterday discussed the Darktrace share price. It’s worth a read. It looks objectively at the company and recommends hold until the EY report is conducted. There could be a potential 20% upturn in price.
There were very similar sells at 8.24 today I noticed. Looked like someone offloading