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I would also repeat my mantra as to the essence of man and his wish to improve his lot and continue to seek answers to technological issues...
As you have always correctly stated LLL, SMT is not pure tech (eg Amazon). Pretty much everything in it does relate however in how it follows and capitalises on the latest tech (funding and pushing for innovation and creation) in order to capitalise and expand.
Man will always want better and the world will remain tech adhered in attaining this, even when we go "backwards" in terms of finding solutions to issues such as global warming and answers to dwindling resources.
Organisations and companies wish not to go bankrupt and on that basis actively look for new answers in staying alive. People of course pay well for these solutions, which offer (imho) an inexhaustible "success" drive behind those kind of enterprise's.
This may seem a simplistic and obvious observation, but it has served me well over the years and despite the gloom of the last couple of years I have happily stayed invested and still remain satisfyingly profitted with a long term withdrawal aim.
I feel for those having invested shortly before Nov '21 and of course it will appear a shocking loss to those people which is why I feel impelled to at least share this positivity as concerns what I personally believe is the likely floor level price for this trust at just North of 600p.
There are no guarantees, of course.
Agreed LLL, but previous (pre '21) highs we're massively frothy. The media said so and we knew it. It was seen as a safe stash.
On that basis I'm afraid I also don't see it attaining those kind of heights for even beyond the 5 year argument.
I do however have increasing personal confidence in SMT making money within that timeframe from hereonin than anything else I think I think I've ever held.
On that basis I am more loathe to sell and would happily buy at the current price.
That is of course my somewhat repetitive opinion and I don't expect it to be shared by anyone else...
Given the constant return to just over 600p during the least optimistic of times over the last couple of years, right now I see SMT as an enterprise bridled to the lowest floor of its existence.
My old dad always said if investment (a lifelong investor who always bought well and held) that despite spending his entire life worrying about his investments, he need not have worried about anything at all.
SMT will come far, far better when the market conditions every economy in the world is pushing for come about.
The individual companies within SMT and similar collections are currently double restrained. Market conditions make them unpopular and because of that their advances & individual achievements will result in a muted immediate investment.
Far from being an unsafe and worrying acquisition I conversely view SMT as possibly the best possible current investment for anyone who can simply accept the essential reasoning for their current malaise.
Dystopian. Your thoughts reflect exactly mine.
The lowsx are naturally discussed on here 5 tinescas much as the highs, but would ask investors here to ask themselves this..
At points at which recovery has looked closer over the last year, how many times we have witnessed an upwards surge in the SP? The last period beyond 5 days ago was the most sustained yet and of course (beyond any reasonable doubt) reflected positivity re inflation and futures. Totally understood that the dips have come along when the positivity (again) turns bitter, but what more evidence is needed as to the causative issues?
We will possibly hit £6, but then we have been saying this for nearly 2 years now.
The general outlook is the absolute pits again right now, but on the basis that this will also amount to "the pits" in sentiment and appetite for SMT then I just question any sense whatsoever in ditching right now unless absolutely necessary for individual investors...
Sure, I've ditched stuff in the past, but never when such an obvious causative effect that has such a greater upside future appearance than downside, only when I've seen the opportunity for greater potential returns elsewhere, and only when an investment consistently underperforms despite no apparent reason.
It's obviously natural to feel the fear when the stakes are high, but then given that investing is a game that isn't based on certainties I'd certainly urge caution on offloading just now.
Purely my opinion and hopefully at least containing partial food for thought, whilst hopefully not putting the last nail in the walp "overpositivity" coffin :)
LLL, ok. I accept that much, but also as a health professional who experienced the blunt end of COVID and the present point, in which even few elderly comorbidity patients succumb to the virus, I would still assess the positivity to be somewhat overegged.
Of course there will always be a market for these antivirals, although in terms of protection again critical illness outcome we are finding earlier vaccines are still protectorate.
I just feel it likely that this particular boat has left now that COVID is in permanent general circulation and that any company can tweak an existing vaccine to cover recent variants...
A few months down the line it may also need tweaking again.
For me it's certainly not a massive deal and it's only a tweak on their existing technology...
Plus I would say to Shortwhacker that the Moderna efficacy with the new variant seems unlikely to me worthy of a 7.2% uplift in their share value but more of a kneejerk.
COVID vaccines are not a fantastically profitable enterprise (as AZN found, and indeed knew prior to their development if the first). I do believe Moderna will in all hopefulness eventually hit significant positivity, but believe this will occur in other new mRNA technology related health technology.
I have a feeling my incessant positivity rankles with a few on here so haven't posted recently, but can I just point out that all tech in general is suffering the same malaise given the renewed recent pessimism concerning China and world economics in general.
I would be lying if I said that the incessant uplifts then following drops aren't discouraging, but can see no good reason to offload anything soon.
I hold also att and PCT in the (loosely) tech sectors, and to be fair all have dropped on the 5 day charts to the same effect.
I also think aggressive day trading on charts, indices and theory isn't all it's cracked up to be (even if all the stars and moons support buying or selling on any singular action). This is because of the variable involved in geo political and world events.
In my experience things can change very quickly.
I maintain the best approach is to buy into something like SMT and allow the managers to do the sweating.
It's worked for me, and I remain unconvinced that an individual could have done tremendously better over the years I've held stuff generally..
Of course many surely have, but it really isn't a risk free enterprise (and I'll bet a great many have lost plenty also).
Not for me as life is for living (not sweating in a room over a computer)...
Cripes! The pair of you!
I have to say that I personally don't believe anyone can get rich day trading any concern without running the corresponding risk of losing big, but do accept that people may try to.
I believe that it's just not worth the sweat, blood and tears, plus there are far too many variables involved..
I also like to sleep at night.
That's just my opinion on it, and no one's going to shift me in it, and so I've la difference, live and let live (etc).
Can we just agree that much whether it's a thing or not?
Whatever the timeframe SMT investment should be maintained to be fruitful (through good times and bad... and I am a testament to profitting very pleasantly thankyou very much over my long ownership despite the awful losses of the last 2 years), then I think we all currently agree it's worth holding right now.
Whether the activity goes on or not, I do naturally see it it as a fools errand.
That's my opinion though..
No one is going to agree with everything anyone says on here, but I do nonetheless like to hear of new stuff and theories (unsubstantiated or not).
Investing is not a straight and predictable line and to be honest and imho, very little can be backproven as the picture is just too darned busy to prove anything..
Ps.. a Nasdaq lift does (very generalistically) result in a nudge for SMT..
Ok.. I accept it doesn't follow exactly, but it's an easy indicator to observe which I find does have some parity..
The extent to which being in the naughty bin has skewed it away from this patterning over the past couple of years is (in my mind) a factor.
The evidence now appears to show that SMT is trading without the prejudice it appears to have been saddled with over the past couple of years, as patterns in loosely similar investment trusts have matched now for a week or two.
I think it simply shows that SMT is now considered out of the naughty bin and a viable future money maker.
In short, it appears no more backwardly volatile than anything similar which marks a definite change as of recent.
I have to admit I'm not reading an early buy on the back of positivity then sell off, just simply differing people with differing perspectives behaving differently.
I also still note a definitely more positive surge when the US opens for business at around 3pm UK time, which to me simply marks (rightly or wrongly) attitudes based upon their more local economy (which is closer to the inflationary resolution post than much of Europe).
Not worth worrying about I would suggest, as we are clearly at least all agreed on a "hold" perspective now a slow ascent seems reasonably likely?
That's my slightly brighter perspective anyway.
Ok. Not necessarily futile... Let's just say hard to imagine right now. Let's just hope its never necessary or representative of anything more than a developmental research and advancement exercise and/or the beginning of future space tourism.
I guess as long as it is profitable 🤞
Going back to Mr Musk, interesting piece dissecting his decision to replace the Twitter logo on the BBC today:
https://www.google.com/amp/s/www.bbc.co.uk/news/business-66296468.amp
Ostensibly one might think it extremely foolish to replace something so instantly recognisable to everyone, but pure research does suggest more benefits than downsides to doing so (especially given the stuuck Twitter have found themselves in specifically down to the "aggressive" style of Musk.
I think the lesson for him with Twitter was "if you didn't create from scratch it don't mess with it".
He won't see it that way though, and his ultimate idea is to make Twitter the "everything" app (from booking a taxi, ordering a meal, setting diary entries, email.. you name it).
It's been done before they argue, but I put nothing past the man in truth.
Like Buffet his thinking may seem against natural convention to many, but there is no denying he has something.
I lean towards the belief that his startups will continue to do well which does bode well for the likes of Space X (which I see more of a creative breeding ground, as when you think of it is liable to lead to the creation of saleable new technology and ideas as it trundles along towards is ultimate fizzy goal of Mars transport).
Just musings...
Agreed, perhaps a bit harsh on Fela96, LLL.
Interesting reply that struck me as fair and thought provoking (whilst being very polite and respectful).
Such is to be encouraged I feel, although I do admit you been on the receiving end of more challenging stuff from him/her in the past.
Ok, Fela. That's a likeable and honest reply. Thankyou.
Too much has been said on this now, so perhaps leave this thread now and start afresh on here with new stuff in a spirit of respect and kindness to all participants?
I'm all for recency and can certainly recommend it.
A slight aside and not criticising as I agree with Bard1, but I'm genuinely intrigued as to how this forums obscenity filter allows "twats" but doesn't allow "s******g" as in a smelting waste product.. 😂
Yep, Fela96, the utilisation of primacy vs recency isn't something to be proud of, but is basic and unchangeable premise of human and animal nature. Yes.. it is cognitive, but so what? It exists, yet you stand and argue against its effect much like King Canute trying to stop the tide (much as you seem to do with any concept that doesn't align with your own).
It exists amongst the good and the bad and no one escapes it.
Narcissistic does actually balance with you I'm afraid, which didn't actually occur to me before DSM mentioned it (you do remind me of someone who struggles with that), plus it's clear you would argue blue is red just for the sport (hence troll like) or because you somehow have to defend even the indefensible.
Forget about who is right on any theory discussed here, the complaints have nothing to do with that but are all about you.
If you can't inwardly admit any fault as concerns your attitude (yet the world can see this fault), then that is an issue for yourself to deal with (or not as the case may be).
No one is criticising you because of your challenging the concepts and theories of others, but just because you do so in such an offensive way...
Tbh I feel a bit of a dick for saying this lot repetitively to a grown adult on here, but thought you could profit from it.
You don't seem to want to profit and continue to argue the indefensible & so I guess it's game over.
Pity that :(...
I can't add any more.
I'd like to get back to genial discussion around this investment.
I think I'll resist the temptation to comment further.