Polar Capital Technology Share Discussion Threads

[ashtongray] 19/6/2002 13:00

zz: Thanks for reminding me, also for your thread on the same subject. We live in Interesting Times.

[zzaxx99] 19/6/2002 12:53

Re: upward surge - bear in mind it's Triple Witching this Friday - upward surge on Friday possible, but not wildly likely.

[ashtongray] 17/6/2002 13:27

PCT comment issued today ends with: "Certainly it seems improbable that a sustainable low (in NASDAQ) will be made before investors throw in the towel on 2002 earnings." Seems sensible to me, although the downside may not be great from here imho, and there will be rallies, including sgarp ones as already seen last month.

[pmeas] 17/6/2002 09:47

Never in this world is this the Tech bottom maybe an uptick at the best.imo

[energyi] 17/6/2002 09:39

Could be great BUY if the expected late-June Low in NAS comes on schedule (see VIX Thread)

[mh] 17/6/2002 08:19

So far showing a very healthy return since Friday morning,can it keep it up ?

[zzaxx99] 14/6/2002 23:37

Charts of both look awful to me, but PCTW does seem to have suffered rather more than PCT - will maybe see that reverse on a turn up. However (a) no sign of a turn up (and market currently tanking), and (b) PCTW currently trading at very minor premium, so the closing back to previous levels of discount may not happen fully, even if there is a bounce.

[limpsfield chartist] 14/6/2002 23:34

MH They look the same to me - similar again to the NAS 100 chart. So it's bounce or bust for all of them. In terms of risk reward its a good one because if you are wrong you'll find out quick enough - break to new lows etc. But if you are right you have a lot of upside. Too risky for me still but good luck with them.

[mh] 14/6/2002 23:29

LC,what do you think of the PCTW chart in comparison to PCT - seems to have overshot to me,which also assisted me in my decision to go in this morning. ?

[mh] 14/6/2002 23:24

LC,thanks for the chart and your views.I know it's very risky but that's part of the appeal for me and I have luckily (not through skill of course) managed to do well on these at times like this in the past when the depair in the market appears to climax.

[limpsfield chartist] 14/6/2002 23:05

I think it would be foolish - too risky for me. The trend is still down. The NAs is poised above last year's low - it's bounce or break time and I for one do not want to try and second guess it. Safer to wait for a real sign of recovery imo.

[joeycooper] 27/3/2002 19:39

And why is it trading at 30% discount. Because it is no f---ing good.

[rollout] 27/3/2002 12:16

You may wish to check out Fleming Tech Trust - Currently trading at about 30% discount to NAV.

[ashtongray] 23/3/2002 17:49

Just re-entered the warrants with an initial position @ 88.

[rogerl] 23/3/2002 13:50

yes short term but expect 230/250 by sept

[mart] 23/3/2002 13:43

Are you guys still shorting this one?

[energyi] 21/12/2001 16:09

the NAV is now down to 196, I think PCT should fall further from the current 213 unless we see a sharp rally in NDX. That would be very surprising... Based on Trades, the small sellers are now hitting the 210 bid

[goodfella] 21/12/2001 07:11

The latest figures out state that the Nasdaq is trading on an average PE of over 200 for 2002. The bulls argue that a forward PE for 2003 should now be applied and earnigs should improve. All the most optomistic data predicts 10% growth which will bring the PE down 180................LOL This one has a long way to fall, its just a matter of time.

[ashtongray] 20/12/2001 22:01

energyi As you know from the warrants thread, agree with your assessment. Am currently out for those reasons, if Nasdaq corrects sharply would look to go into the warrants again (last out @ 120).

[energyi] 20/12/2001 19:21

date.....NDX.....PCT...Ratio 20 dec..1580.0..217.0...7.28 Mid-day update If this ratio goes back to 7.50, then 1580/7.50= 210.6 If this ratio goes back to 7.75, then 1580/7.75= 203 If NDX stays down, PCT could show big drop tomorrow

[energyi] 20/12/2001 14:07

Managed to short at 220, which is huge 9% premium to NAV (201.81) in a market where Nasdaq looks vulnerable. Will be interesting to see how this plays out.

[goodfella] 16/12/2001 10:39

This has been one of my favourite shorts over the last 12 months as it trades at an underseved premium to NAV whilst others trade at a discount. The recent statement with the results presented very gloomy reading and this deserves to trade 30% below the present share price