Thanks for the kind words. 'Impeccable' is not a word usually associated with my share trading!
All it could take is a favourable news release from PLX tomorrow..... and today's sale could be seen as premature. In the meantime I'm chuffed to be impeccable.
The only reason I took some gains was my increasing concerns about Covid (Internationally) and the market possibilities for a second hammering. If the worst happens I'm storing some cash to see me through to buy again on the upside.
If the worst doesn't happen then I've still got a huge chunk of PLX that owes me v little. (And the SP would need to drop over 190% before I get hurt.)
Like you I have long term hopes for PLX but IMHO there is nothing wrong with being a tab cautious in the short term.
Thanks for the kind words. 'Impeccable' is not a word usually associated with my share trading!
All it could take is a favourable news release from PLX tomorrow..... and today's sale could be seen as premature. In the meantime I'm chuffed to be impeccable.
The only reason I took some gains was my increasing concerns about Covid (Internationally) and the market possibilities for a second hammering. If the worst happens I'm storing some cash to see me through to buy again on the upside.
If the worst doesn't happen then I've still got a huge chunk of PLX that owes me v little. (And the SP would need to drop over 80% before I get hurt.)
Like you I have long term hopes for PLX but IMHO there is nothing wrong with being a tab cautious in the short term.
Basically Apple is removing the ability for brands to track their customers on their phone. The only way brands are going to be able to do this moving forward is via apps that has a customer log-in.
Although PLX don't do the front-end development, they do all the heavy lifting in the customer management.
There is going to be a massive swing back to app investments as brands move to own customers outright. These will then plug into platforms like PLX.
Massive sell off? From equaling the ATH of 1.20 to 1.07 in just a few hours...
Crikey! Looks like my timing yesterday was 'impeccable'!
FWIW it is always a concern when a share rises so much on no news....... simply speculation. That said, I still rate this one long term and am happy to hold my balance. Cobber, thanks for your post. Interesting development to watch.
Crikey! Looks like my timing yesterday was 'impeccable'!
FWIW it is always a concern when a share rises so much on no news....... simply speculation. That said, I still rate this one long term and am happy to hold my balance. Cobber, thanks for your post. Interesting development to watch.
The sell-off started overnight on the Nasdaq. If the Nasdaq goes up tonight, so will PLX tomorrow.
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