RE: Motley Fool News1 Nov 2021 09:33
I sold out, making a loss of about £2500 at 258p today. I tried to sell nearer the top of this morning's trading but my broker wouldn't fill the sell order as the price dropped. Not great.
My feeling is we could see the price drop to around the 694.5 line tomorrow with fear of the whales selling on Wednesday.
During wednesday, then we would either see a huge sell or huge buy if the whale investors who really know the business see value in the company, or just wanted to make a quick buck from the listing. I'd say no-one here on this message board truely knows what will happen to the share price. I certainly don't trust my own opinions here, let alone anyone else's most of the time. The key is to only invest what you can afford. Don't overstretch. Invest gradually. Some share prices NEVER return to the highs they saw in the months after their listings. FACT.
Personally I am however very bullish on trading darktrace, So whilst I lost £2.5k this morning. I feel there is opportunity to recover my loss at some point..
We are now at 731.5. Near the bottom of trading on Thursday. Watch for either a recovery from here, or further drops. If it drops further, I would think we will continue to drop much further. If we rebound, this is obviously a better sign, but it may be a short term rebound before wednesday end of lock-ups