SMT Investment

[Deleted User]

I'll bet they do, Alexland, there's a wide spread between buy and sell prices at the open so, even if you have already made up your mind to act, better to wait. And you can buy and sell shares in companies like Tesla and Apple 24 hrs a day but, again, spreads are wide before Wall St opens at 14:30.

Thrugelmir

MDMD said:

Thrugelmir said:

MDMD said:

Alexland said:

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!

Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...

No, in less than a month it has reversed all gains since last August. 

What's the significance of last August? 

When it was last at 950....

The only price that matters is the one you personally buy at. 

MDMD

Thrugelmir said:

MDMD said:

Thrugelmir said:

MDMD said:

Alexland said:

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!

Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...

No, in less than a month it has reversed all gains since last August. 

What's the significance of last August? 

When it was last at 950....

The only price that matters is the one you personally buy at. 

As well as the price you sell at....

Thrugelmir

MDMD said:

Thrugelmir said:

MDMD said:

Thrugelmir said:

MDMD said:

Alexland said:

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!

Looking at SMT this morning it doesn't seem to be paying much attention to Friday's US rally...

No, in less than a month it has reversed all gains since last August. 

What's the significance of last August? 

When it was last at 950....

The only price that matters is the one you personally buy at. 

As well as the price you sell at....

Sometimes you win sometimes you lose. That's the nature of investing. 

Bobziz

Sorcerer2018 said:

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.

20-30% too expensive for me. I don't hold it and don't currently have a need for it in my portfolio, so I'd need to sell something to make room. £7-£8 is the price at which I would consider buying, anything above this would feel too high risk for me at the moment, and I'm close to the top of my risk appetite as it is. Will it get to that price ? who knows, but that is the price that I would consider represents something like fair value based on the growth observed over the last 10 years + a reasonable increase due to some growth being brought forward as a result of COVID. I've looked at the fundamentals of most of the top 10, and I don't see much to justify anything like the growth seen over the last 12 months. The cost of funding jam tomorrow may increase in the short term too. 

So in summary, my assessment is based on some analysis of the fundamentals, some assessment of the charts, MA's, resistance/support etc, some consideration of what may have fuelled the rise, general market sentiment, and the need for such a fund in my portfolio relative to current holdings and risk tolerance.

csgohan4

Alexland said:

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.

This certainly applies to individual shares. Usually Monday can be a good day or the start of your nightmare depending on the news. 

When WB announced streaming movies, I and many thousands others were ready on their sell button for Cine on monday 0800. They tanked 30% at one point. 

Obviously in hindsight I regret this as they rallied significantly. But is certainly a lesson for individual shares for me. You simply cannot tell which share will rally or continue to tank. 

Look at EQT, people made a lot of money, but they are tanking badly. I wonder whether it was from market switching/ adjusting or pump and dump strategy

Thrugelmir

csgohan4 said:

Alexland said:

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.

This certainly applies to individual shares. Usually Monday can be a good day or the start of your nightmare depending on the news. 

When WB announced streaming movies, I and many thousands others were ready on their sell button for Cine on monday 0800. Obviously in hindsight I regret this as they rallied significantly. But is certainly a lesson for individual shares for me. 

Once lockdown lifts. Then cinema will return as an experience. Movies made for the big screen are nowhere as good when viewed on streaming services. The detail gets totally lost.  Hence the James Bond movie being put on ice. 

csgohan4

Thrugelmir said:

csgohan4 said:

Alexland said:

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.

This certainly applies to individual shares. Usually Monday can be a good day or the start of your nightmare depending on the news. 

When WB announced streaming movies, I and many thousands others were ready on their sell button for Cine on monday 0800. Obviously in hindsight I regret this as they rallied significantly. But is certainly a lesson for individual shares for me. 

Once lockdown lifts. Then cinema will return as an experience. Movies made for the big screen are nowhere as good when viewed on streaming services. The detail gets totally lost.  Hence the James Bond movie being put on ice. 

I thought that but got shot down on here. Investing is a strange game. The market doesn't always go the way you want. Here's hoping to my IAG shares to sky rocket, they're on the run way getting ready at the moment

I like many others here have made mistakes and learning in handling with individual shares. It certainly isn't for beginners, especially if you want to sleep at night. But still good to be invested in your money and know how to make it grow. Always good to see your money grow from decisions you made. 

If it wasn't for Covid, all my money would be index trackers and satellites 

coastline

Thrugelmir said:

csgohan4 said:

Alexland said:

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.

This certainly applies to individual shares. Usually Monday can be a good day or the start of your nightmare depending on the news. 

When WB announced streaming movies, I and many thousands others were ready on their sell button for Cine on monday 0800. Obviously in hindsight I regret this as they rallied significantly. But is certainly a lesson for individual shares for me. 

Once lockdown lifts. Then cinema will return as an experience. Movies made for the big screen are nowhere as good when viewed on streaming services. The detail gets totally lost.  Hence the James Bond movie being put on ice. 

I'm sure James will handle the ice no bother. The rest of the cast will be slipping all over the shop.

Thrugelmir

csgohan4 said:

Thrugelmir said:

csgohan4 said:

Alexland said:

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.

This certainly applies to individual shares. Usually Monday can be a good day or the start of your nightmare depending on the news. 

When WB announced streaming movies, I and many thousands others were ready on their sell button for Cine on monday 0800. Obviously in hindsight I regret this as they rallied significantly. But is certainly a lesson for individual shares for me. 

Once lockdown lifts. Then cinema will return as an experience. Movies made for the big screen are nowhere as good when viewed on streaming services. The detail gets totally lost.  Hence the James Bond movie being put on ice. 

I thought that but got shot down on here. Investing is a strange game. The market doesn't always go the way you want. Here's hoping to my IAG shares to sky rocket, they're on the run way getting ready at the moment

I like many others here have made mistakes and learning in handling with individual shares. It certainly isn't for beginners, especially if you want to sleep at night. But still good to be invested in your money and know how to make it grow. Always good to see your money grow from decisions you made. 

If it wasn't for Covid, all my money would be index trackers and satellites 

Nothing wrong in taking contrarian long term positions. The key is finding the right companies to back. Cinema will recover in the longer term. Trouble is Cineworld has expanded aggressively and is burdened with debt. Don't follow the sector per se. Do better opportunities lie elsewhere would be my question if I was looking to trade the sector? 

Even without Covid , there'll always be an unloved sector of the markets.  Dumb hot money follows the trends. Nothing wrong in that. As long as one remembers that those who got into the lift at the ground floor will be progressively getting out. As the lift rises up through the floors.