Member Info for madfistbt

Yeah no suprise really in the current climate, but still lovely to see. £20 by the years end has a strong chance.

Only checking this every few weeks, not at all surprised to see it continue to rocket. Can you imagine the increase in demand for tech that this virus has triggered and will continue to do so even after a vaccine is in place? Covid has changed people's buying habits forever. This will power well past 2,000 before any burst imo. Does anyone know if there is a way of seeing current holdings %? Their website only shows up to 31/10/2020Good luck all!!!!!!!!!!!

Ah lovely to hear! You still invested in it? That was a rollercoaster, I brought in at 1.09, saw it go to 1.62 only to go back to 1.04. I have no idea how it will do now. Us potential is still huge . Was a difficult decision cashing it all out. I actually didn't see that the price had surged on that friday after the bid was made public until it was too late to cash out that day, was pretty sickening seeing it drop on the monday so much after the 272 bid. I had enough of it though at that point and still done amazing overall, and had been meaning to put a large chunk into this anyway.

Sorry meant to say croda (crda) interests me as well not cro.

Also what i said might seem silly from someone who put 40k in william hill, as that would have been a textbook value investment, but when I invested in that I knew the fundamentals were a lot stronger than they appeared, and the massive us potential was not valued in.

'This is not because I don't like this trust - on the contrary it's a great trust. It's just that firstly, I consider a 100% + rise in just over six months very unusual and abnormal for such a large investment trust. This is really not normal.'

The current situation is far from normal though. I dont see many signs that this trend will not continue for a long time, imo corona has accelerated what would have been a strong upsurge anyway. Look at the charts and you see for over a year and a half this was in a consolidation period from June 2018. The elastic band effect has been intensified because of the virus. From a short/medium term, looking at the charts and treating this at a share I dont see any better uk shares for compounding growth at the moment, only pct and cro interest me bar this. Trouble with value shares is that there is a strong chance they will go sidewards for many months or years and there is still no guarantee they will recover, sure its more exciting pitting your money into something that has been underperforming as the potential is higher for a short term correction, I think its smarter getting your money to work for you and following what is trending. Even if there was a sharp correction now with smt I wouldn't be panicking, from a longterm perspective it would still look very solid given the strong fundamentals and management.
Im going to call £19 by next August.

Its

Wouldn't be surprised to see £12 by the end of the month. £10 was the real test. If it broke through that resistance we expected a sharp rise and for the nav to be at a premium again, still early days, but looking very good!

I told you lot this was likely to break out, £10 was the real test, the people saying technology shares are overpriced have a limited mindset, the main reasons I've seen to sell this are it's on too much of a run and it's bound to come down sooner or later, which isn't a rational argument , the potential here is unparalleled in the current environment. I know a very well respected long term trader who thinks this will likely go to over £20 next year.

That said don't over invest in one fund or share. I have money in gold and fundsmith as well, but this is my main holding. I just think smt suits the climate perfectly and see a second wave tech boom more likely than a collapse. Good luck all.

*** SMT Breakout ***

- I am treating this like a stock and letting the chart guide me.
- This has broken out and closed above £10, which was the immediate resistance, this is the signal for us to start adding more compounds and accelerating the profit phase further.
- SMT has entered prime compound growth territory and you must position yourself to take full advantage of this.
Anything less is criminal.

If this can consolidate support at the £10 level expect it to break out quicker than it has even recently.

Thanks mate, ill sell some smt and add some gold and fundsmith. Gonna keep 75% in smt though! Good luck!!

@JepGambardella
Hey thanks for that appreciate it. I think i#ll leave the majority in this. Could put some money in a gold etf and what do you think about fundsmith? I like their portfolio! Maybe some in vanguard acc 100%

meant to say ten years ago at the end there!

I originally put 40k in william hill and turned it into over 100k that was the real bet! I'm being safe now! :D
Check my comment history. This is a fund! What is there over 100 shares in the one fund? Not the same thing, and far less risky than a single share in one company, but of course risky with putting it all in at the same time, and the current volatility I could have cost averaged but reckon it will smash past £10 the next month.
Plus putting it all on black 10 years ago would not have returned over 7.5 x your investment like this would have.

For sure yes, I am in this for the long term, exciting to think where it will be in another decade.

Been hearing this correction thing now for years, more likely there will be a second wave boom in tech than a big correction imo. These are unprecedented times and we have never relied on tech so much and it's not going to stop anytime soon.
A big correction will come but not until at least 2022 imo.

I've sold my william hill at a 170% profit and putting it all into this. All my life savings just under 100k

just sold it all now, im numb, this has been too much for my mental health, and need the cash, pretty devastated at the drop this morning but need to leave this now and be happy that ive done well overall, good luck all staying in will eventually rise again

Don't really understand all this trend analysis stuff, this guy seems positive though

https://www.youtube.com/watch?v=6_SVQKoZfsU

I reckon we will see some profit taking tomorrow. May go down to 280-290. Then a steady rise to 340-350 by friday