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SMT Investment
Options
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Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!
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No, in less than a month it has reversed all gains since last August.Alexland said:
Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!0 -
No, looks volatile. Hopefully, those intent on buying today didn't dive in at the opening bell.Alexland said:
Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!
I'm not invested but imagine the price takes its lead from the principal holdings? Would think it prudent not to buy or sell before 10am or until you can see which way the pre-market indicates for NASDAQ, Tesla especially? Currently ticking up, with SMT in tow.0 -
Asian futures markets will be an indication as to where Wall St is heading at the opening bell.Alexland said:
Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!0 -
I am intrigued when you say you think it's 20-30% too expensive, how are you working that out. Because unless I analyse everything single investment the company owns in detail, I can't work out how you could deem to be either too cheep or too expensive. With added issue of market sentiment effected the share price, how do you take this into consideration when analysing the price. Is it 20-30% based on NAV or Share Price for example. Or is it just a gut feeling? If it's a gut feeling how do you know your gut is correct without data to back that up.0
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What's the significance of last August?MDMD said:
No, in less than a month it has reversed all gains since last August.Alexland said:
Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!0 -
I bought in at 950 today2
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When it was last at 950....Thrugelmir said:
What's the significance of last August?MDMD said:
No, in less than a month it has reversed all gains since last August.Alexland said:
Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...ZingPowZing said:https://uk.finance.yahoo.com/quote/SMT.L?p=SMT.L&.tsrc=fin-srch
Price 1,017.00
Not sure how that works, can you still buy at that price given yesterday's USA rally afterwards?
Let us know on Monday. Good luck anyway!0 -
Well done Sue. I wouldn't dream of buying or selling any stock before seeing NASDAQ futures (from 9am on Yahoo) - especially this one.
For the record, SMT opened at 1,039 and trades c 965.0 -
ZingPowZing said:I'm not invested but imagine the price takes its lead from the principal holdings? Would think it prudent not to buy or sell before 10am or until you can see which way the pre-market indicates for NASDAQ, Tesla especially? Currently ticking up, with SMT in tow.It's not something I would be interested in buying either but I like to watch movements in concentrated style portfolios from the sidelines to help understand what is happening in the markets. The problem I have always found with premarket data is that by the time you see it everyone else has too so that quickly gets factored into the price you pay when trading ETFs/ITs containing those assets. There is usually still a bit of movement when the markets actually open as the premarket data is only a rough guide to what might happen. I never setup a purchase for the start of trading as I can see from the data that some people end up getting really bad prices.1
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