Club Mulgoa

Monday, September 10, 2018

Australian Tech Stocks

It has been plunging because of problems encountered by Facebook, Twitter and Amazon in the USA, facing the senate inquiry.

However that issue is totally unrelated to Aussie Tech Stocks but the financial world is full of lemmings.  The extrapolation of the massive fall in share prices is extraordinary and... illogical.  So I topped up a lot on these stocks and they plunge further!  It proves that my 'logic' strategy does not work short term!

The above was written a few days again.  Yesterday, the market appeared to have turned for the better for tech stocks.  In fact, an article in AFR suggests that more XRO should be purchased!  Meanwhile NXT is having its brawl with its partner (in the property sector) highlighted so its share price is not doing that well.  And because there is no bad news for WTC, it rose too.