Member Info for redbeck

I feel for you, but any buying Nov - Feb will be painful in the short term. TM17 has traded in sympathy to US tech and that has taken a battering since late Feb, but these are slowly on the up now. It could be a bumpy summer if the inflation story keeps rearing its head so expect large swings in price. In the UK there is real euphoria with value stocks and the re-opening of the economy. Short term again this will impact TM17, long term it will be fine. I get a sense alot of value stocks are over-bought and highly leveraged with debt, which long term is not attractive.

Very, it's just being sympathetic to US tech stocks, which are being beaten badly at the moment. Long term this is a great business.

We all feel like giving up sometimes. I tell you what helps me, fundamentals + basic technicals, and monitoring wider macro worldwide economic events, plus trying to emotionally detach from a stock and not overly look too often. We all have different personalities, so some of us will be better at managing our emotions than others. I for one have a constant battle with this!! Yesterday's action in the Nasdaq tested this seeing my Portfolio go from more than 7% down at market open back to 1% down at market close in one day!!

In the case of technicals, I find it really useful monitoring daily 20 / 50 / 100 day moving averages etc, I find they're a bit like magnets and stocks bounce off these levels if an uptrend is intact, or stay under all of them if a downtrend is in play.

When a stock gets really overbought or oversold, you'll get these big swings. I also use other basic technicals that I find useful like volume, volatility & RSI. I find using this data helps me to stop making premature sales or purchases - before using them I would personally made silly mistakes based on how I was feeling at that moment in time. It does take time to get used to using this data and I know some people don't care about them, but it's well worth understanding the basics if you find yourself getting stuck in the heat of the moment.

I personally use my IG spreadbet account more for the charting but Yahoo Finance has some nice free charts.

Hope this helps, all in my opinion of course and enjoy the fresh air :)

US Tech was down huuuge pre-market, but it’s bouncing, that’s not to say it won’t fall further. It’s driven by sector rotation, Tesla and Bitcoin falling I think plus people getting margin called, but it’s just a much needed correction over there in my eyes. Low volume stocks also fall harder until there’s support, which can also mean larger swings or snap backs.

I really wouldn’t worry about timing your trades if you plan to hold long term, it’s the easiest way to loose money. It could fall further, which is why I always dollar cost average into any position - it means I spread my average buy price and I get less emotional about timing the bottom. If your time horizon is small, I think sumo is a hard one to trade at the moment.

All in my opinion of course.

Good Luck!

Defo keep an eye on Sumo moving forward, and keep an eye on Nasdaq action - I really think there will be some sympathy pain in some UK tech as a result of the sell off over there, but in my opinion gaming is here to stay, and will grow even when the economy re-opens. I'm still holding here as it's a 5+ year investment (bought at 323 in Dec), but looking to add at some point if things get a bit more painful.

All the best :)

Just to put it into perspective, Tech in the US is selling off heavy due to rotation into recovery & value, so this fall is kind of expected (although Team17 seems more stable). Most of my portfolio is US Tech, apart from Sumo, so it's taken a hit since the end of Jan. My opinion is in 5 years time, today might look like a good buying opportunity, but defo average in over time incase it falls further as I'd like to see some volume on any material bounce first. My only worry is how strong the GBP / USD rate gets in the short term. Which reminds me, I need to do more digging on Sumo's revenue breakdown. DYOR, just my opinion.

It’s basically retraced to the 100 day moving average on the daily, heavily oversold now, I’d like to see it bounce around here.

I was thinking the exact same thing today. Here's my thoughts:-

- Reopening of UK & vaccine progress possibly hurting stay at home stocks.
- GBP / USD rate has advanced (this is a complete guess at present as I haven't looked at revenue distribution).
- From a technical perspective SUMO does sell off periodically, however I was expecting a bounce today - maybe that will still come.
- Possible lower interest while people rotate into value stocks vs growth, especially now Brexit is finalised and due to vaccine progress.

Long term gaming is still a sound investment in my opinion. DYO