Polar Capital Technology Share Discussion Threads

[ashtongray] 16/7/2002 15:51

Going through much the same thought process, I opted this time for FTT, also now trading at 20% discount, good management imo & good (relative to sector!) track record. Could be only for into short term rally tho - if you spot one, let us know;o)

[energyi] 16/7/2002 15:47

R., If I could have bought at 30P, i would have. At 36p vs. 124p, I prefer the Ordinary shares for an expect 2-3 week (maximum?) hold. Certainly, there's nothing wrong with the PCTW warrants at these prices

[rambutan2] 16/7/2002 15:32

Why didn't you buy the warrants energyi. They seem to have hit their bottom at the low 30p mark and my guess is that mms will be reluctant to mark them down any further even if the shares drops some more.

[energyi] 16/7/2002 15:15

I finally bought PCT at 124p Today. Tends to trade in line with US Nasdaq100 Index (NDX): ...also trades at a Large 20% discount (124/154.45) to its NAV. In the recent past, it has traded at NAV

[mart] 03/7/2002 10:05

You guys all out now? Good price for warrants at the moment.

[ashtongray] 20/6/2002 14:36

Added some more PCTW @ 43p. Either brilliant price or foolish, who knows in this market? Does have until 30.09.05 to come right tho. ps ......but the 300,000 wasn't mine! (sigh)

[mh] 19/6/2002 23:56

The Friday-Monday rally didn't last long then and the techmark is plumbing new lows again already after it was once more spooked (as it so easily is) by the after market warnings out of the US last night.Can't see sentiment improving significantly short term.Very disappointing.Stoplossed out for now.

[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