Member Info for scotsgent1943

I hold 32k in SMT. Bought 5 years ago, watched it almost halve then recover, currently £2.5k in profit.

I'm happy to be in it, but I would like to maximise any uplift from the Spcx IPO and be a little more pro-active about it.

I'm considering the following strategy.

1) Hold all to 2 days before IPO, cash in my profit as a hedge against some kind of Spcx failure and crash.

2) Set up a limit order to sell half only if the SMT price spikes to a large amount, (maybe a 20% increase on the pre-ipo price the day before).

Since SMT won't trade until the morning after the USA IPO it's unlikely to catch a day one crazy, irrational rise, but seems to be worth a punt?

If this fails, (and it probably will), then there is a second possibility if the tracker funds have to enter Spcx after the 15 day (or whatever) restriction period. Probably another limit sell with a figure which is perhaps more realistic.

If these all fail, then I still have my small top slice in the bank and continue to run with SMT.

Will then make some decisions prior to the 3 or 6 month lock-down expires.

Is this a completely stupid plan or is there any merit at all?

All comments welcome 😊