Scottish Mortgage Invest... Share Discussion Threads

[18bt] 18/1/2022 09:27

Discount still c2.6%. My reinvestment point will in part be dictated if the discount increases to 5%+

[arja] 18/1/2022 08:50

ceteri - 1050 level is a good chart support level but could even get to next support at about 950 . Much depends on how nasdaq index performs and nasdaq futures down again today

[lord loads of lolly] 17/1/2022 10:31

I agree you should never invest too much in any single share or fund, however convincing it looks. And if you're not prepared to accept some volatility & risk, SMT really isn't for you. But as investors will tell you who've held for 5+ years any time since about 2009, it's also produced some spectacular returns. So if you buy when it's at an historically high discount to NAV with a low RSI and you can hold for 5+ years, history suggests you might be well rewarded. Naturally, the dreaded caveat "past performance is no guarantee of future results" still applies!

[steve3sandal] 15/1/2022 21:16

SMT are doing a Zoom for PIs on 27 Jan 1pm. You can register through the BG/SMT website which will allow you to watch live or the recording later. Obviously they’ve had a handful of huge multibaggers to get to here and it’s a trick they need to keep repeating as they’ve sold off the steady compounders. It’s mostly blue sky stuff now so I’m intrigued to see how it plays out if it becomes much harder to raise startup and growth money. Happy to have some exposure but I wouldn’t put my all in.

[kikkeridirect] 15/1/2022 20:34

I am going to top up a bit not been wrong so far on a long term view with SMT not sure how it might go short term

[ceteri] 15/1/2022 18:40

So what do we think when is this going to stop falling? Is it a buying opportunity or is there still more to go?

[gurunostradamus] 11/1/2022 21:31

L^3 you can see the chart from advfn: the RSI dipping below 20; I also use the momentum in addition to the RSI as you said it all helps. Of course there are times when nothing works as it can just keep going down. But I guess it’s all about risk and reward.

One other aspect to note is that there seems to be a resistance around rsi of 50 naturally. So I will be watching that area with interest if it ever gets there in the current climb!



free stock charts from uk.advfn.com

[lord loads of lolly] 11/1/2022 20:46

steve3sandal - many thanks. You probably thought I was a right thickie for asking! ‘Til now I’ve just relied on the % Premium/Discount to NAV. I guess they’re both likely to paint a similar picture, which is why my limit buy order triggered yesterday. Always good to add another tool of the trade though. Thanks again.

[pvb] 11/1/2022 16:40

Septblues 11 Jan '22 - 14:48 - 2034 of 2037

someone increased the voltage on the computer

"She canna take it, Captain!"

[steve3sandal] 11/1/2022 16:30

Lord loads of lolly, The 14 day RSI is a very common indicator of sentiment IMO and it’s generally free to view in many sites. I’ve lately been using the London stock exchange free site. If you search for a security when the share price chart comes up there is a Box to add Indicators and 14 day RSI is one of them. You can also add comparable shares or common indices. I think Trustnet also provides this for ITs. Anyway SMT is off the canvas at the point it could hardly have been more beaten up. Cheers.

[drew lonmenob] 11/1/2022 16:05

bore off idiot

[arja] 11/1/2022 15:52

smt by far the best performing Tech trust today and I am tempted to take out a modest short and keep it overnight if hits 1190 level again as I suspect there is more downside in nasdaq index after this bounce .

[septblues] 11/1/2022 14:48

someone increased the voltage on the computer

[arja] 11/1/2022 10:38

lower US bond yields has fuelled nasdaq and flowed through to UK Tech trusts .
Probably just a bounce in bonds but one never knows in markets !

[lord loads of lolly] 11/1/2022 10:10

steve3sandal - interesting! Like you, I sold some of our kids' SMT holdings over the past 12 months at £14-£15, mainly to use up CGT allowances. Some were re-purchased in a more tax-efficient ISA format when the price dropped to low £13's, so not ideal timing! I also topped up my personal holding yesterday at just under £11.24. I've never used RSI, instead being guided by the long term historical discount/premium to NAV which I look up on Hargreaves Lansdown. Could you advise where RSI data can be obtained and whether you have to pay for it? Thanks.

[steve3sandal] 11/1/2022 09:44

I sold half the shares at £15 in Nov in my grandchildren’s trust. They were bought around 250p when they were younger. Hat tip to long holding periods.
Unfortunately I stuck the proceeds into Polar Cap Technology Trust which holds the more established behemoths in size, although it too has fallen since. Not as far as SMT though.
Having noted the 14 day RSI was 20 I bought some for myself at 1198p last week and some more yesterday at 1126p when the RSI was 17. I’ve rarely seen 17 so oversold is probably an understatement.
I heard an advert for AI yesterday pushing an example of the Company’s insight. The example was simply commonsense so the bots have nothing on us.
GLA.

[septblues] 11/1/2022 07:25

most trades are algorithmic trades, who knows what the programmer wrote

[arja] 10/1/2022 18:28

thanks Dexter1612. I see nasdaq and US markets recovering a little and should mean a higher opening for the Tech stocks but might change quite quickly .

[sf5] 10/1/2022 17:16

Another kicker for SMT (held 3.6% of Wise says Stocko) and other BG funds

I haven't checked what else they hold in fintech space.

Also, given SMT has several holdings in common with some BG open-ended funds, I wonder if redemptions of the open-endeds may generate further downward pressure on IT holdings. Ditto if they have holdings common to ARK funds (perhaps less likely as Anderson seemed more grounded than Wood).

[dexter1612] 10/1/2022 16:56

About 49 companies, 19.2%. Shareholders voted a few years back that it can stretch to 30%.

[arja] 10/1/2022 16:45

so what proportion of this trust's investments are UNQUOTED ?

[arja] 10/1/2022 16:44

nice trade heading to close for someone focused well and with a quick trigger finger ! Nasdaq now coming off again after the little rally sadly

[dexter1612] 10/1/2022 16:29

Seriously hoping for his sake he's a bot!

[septblues] 10/1/2022 16:28

probably doesnt exist in the real world