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Yes Zinc, I've been looking at charts all month, and against my better judgement bought today, about 5% of my available cash, I think it's past the bottoming out, so have every confidence in an upward surge, hopefully the managers have adjusted their investments to more profitable equities
The answer is yes, loads of people selling after just 5% rise, mind you we don't know what they bought in at, or what their holdings are, I'm sticking to my guns and will hold until £12 or more, then sell 10%, and buy 10% at about £6, but you never know...
Hi LOL, Americano, PJM, Stuart, Beachouse, Tambo, and others, having exhaustively analysed last 2 years charts, my plan is to buy 20% of holding at £7 (if it drops to that), and sell 20% at £14 (if it rises to that), otherwise hold, master plan with no real financial expertise, might just work.....
Yes PJM, charts moving into disappointing phase again, spell of rising highs has petered out, more like flattening or even falling highs at present, I have a sort of loyalty to SMT because of stellar performance a few years ago, I should have sold a few more at the peaks, hope the managers will sort our the portfolio, selling doesn't make sense ie likely losses, so on balance will hold or even buy some more if they go down to 700, wonder what Buffit would do?
Quite agree lol, was supporting your role in widening scope of discussion ie other ITs and equities, I don't have much knowledge of individual shares held in SMT, and was a fan, my patience is being tested now, but can't face selling at significant loss, did make gains a few years back, what would Warren Buffet do?
I have to day lol and others this is the most wide ranging financial blog I have seen, ranging from SMT to other ITs and equities, from different geographical areas and sectors to fixed rates savings accounts, who would have thought it, I will hang on on to SMT, note rising lows, and consider putting some languid savings into Lloyds, especially as I have a bank account with them, otherwise whiling away a Tuesday evening...
Hello LoL and sugarbabe, fella and others, it is so difficult to leave SMT after its fab performance a few years ago, however I wonder if the managers should rearrange their holdings somewhat, although I am a SMT fan I have sold some (never would I sell out), and taken profits from others such as Greggs and Ashtead with reluctance, and bought into some ITs that cover emerging markets, UK smaller cos, US non tech, and far eastern markets, already within a week my portfolio has gone up by 5%, and yet I have a significant SMT holding, perhaps the managers should rearrange their holdings accordingly, sentiment should not get in the way, although I am still holding on to SMT somewhat, if I was ruthless I would sell all all, but I just can't do that !..here's hoping, more diversified
I have been following this thread for years, and occasionally posting. I am kicking myself for not selling some shares at about £14-15 , having bought most of my holdings at about £8 or less, several years ago. Sheer greed. I did sell some at about £7 a few months ago anticipating a fall, with a view to buying back in again, but the chart looks bad. I have or did have faith in this IT, and have always preached the mantra to friends and family that you need to take a 5 year view, but with a significant portion of my portfolio tied up in SMT, I wonder weather to sell half and buy elsewhere (where?), sit tight, sell 20% to raise some cash for further purchases, or go away and stop worrying. It does seen that every other IT and equity holding in my portfolio has done quite well in the last year, and yet I have a misguided sense of loyalty towards SMT based on the stellar performances of the SP not so long ago. Thank goodness my pension is not tied up in it, just an old ISA from which I have moved on. Loyalty doesn't always pay dividends in more ways than one...