Polar Capital Technology Share Discussion Threads

[mh] 24/7/2002 23:55

bocadillo,I hope that's true,it's staggering to see these back at 1998 levels, as they were then,in the guise of HTTW.Providing we don't see further steep declines in the tech indices they should prove to be a stunning performer from here and offer a tremendous opportunity as a geared play on a tech recovery.

[bocadillo] 24/7/2002 23:40

MH: In my opinion, PCTW is a tremendous bargain at these levels...one of the best in my portfolio, Boc.

[mh] 24/7/2002 23:38

Very tasty indeed.There might be a little money to be made on these tomorrow morning if you are quick enough to get in first thing,as I have noticed that quite often the market makers are a little slow in marking them up in sync with the ordinaries if they do make a move up first thing in the morning following a strong session on the Nasdaq.We've not had many of them recently but after tonight's stonking rise we could see 6-7 points on the ords and thus a 20% move up on the warrants.The ords themselves are grossly oversold in line with the tech indices and trading at a discount to NAV.

[ashtongray] 24/7/2002 10:43

Warrants will have expired long before we do ;o)

[mart] 24/7/2002 09:25

Warrants at a very tasty 28-30p at the moment: 9:30hrs

[energyi] 18/7/2002 16:13

It sure looks to me as if the Dow is "coiling up" for a drive
through 8?00: Later: shall we say 8000?


Remember: Option Expiry tomorrow

[rambutan2] 16/7/2002 17:10

Another one to watch is Gartmore Euro wrrs. They move with the mkt, carry v little premium, have a top manager, quite liquid and had an ask of 72p today. Any upward movement in the mkts and these will quickly rise to £1+.

[energyi] 16/7/2002 16:56

ashton,
If you are on the PBB (i think you are?) then watch this thread:

[ashtongray] 16/7/2002 16:51

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 16:47

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 16:32

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 16:15

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 11:05

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

[ashtongray] 20/6/2002 15:36

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] 20/6/2002 00:56

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 14:00

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

[zzaxx99] 19/6/2002 13:53

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

[ashtongray] 17/6/2002 14:27

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 10:47

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

[energyi] 17/6/2002 10:39

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

[mh] 17/6/2002 09:19

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

[zzaxx99] 15/6/2002 00:37

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] 15/6/2002 00:34

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.