Note about some technical difficulties and the new stock
26th June 2020 |
Sam here, I just wanted to send you a quick note today.
We’ve been alerted by a number of subscribers that certain parts of your login and some of the portfolios might not be working as explained in yesterday’s weekly update.
We’re looking into why this is happening and hope to have that rectified soon. Also if you’re experiencing difficulty with your login, the practical operation of your subscription, you need to contact customer services here.
The sam@southbankresearch.com email is for questions in regard to the stocks, the ideas we write to you and our editorial in the publications. Eoin and I don’t have access to subscriber data, logins or passwords or anything like that – so if parts of your subscription aren’t working, your password isn’t working or you have any other technical difficulties, you’ll need to contact customer services who will assist you from there.
Also, we wanted to take note of our bonus stock recommendation yesterday, Corero Network Security (LSE:CNS).
We set buy-up-to limits for good reason, so that you’re not overpaying for a particular stock. We try to set them within a reasonable range so that future potential returns aren’t diminished by what we’d consider overpaying for an initial position.
Some people clearly disregard those recommendations. And that’s fine – we encourage you to be independent thinkers and to make decision for yourself and your wealth based on your own situation and assessment. But we also make our recommendations based on lengthy analysis, well thought-out rationale, consideration of risks and an assessment of the potential of the stock.
With regards to Corero, today the stock opened below our recommended buy-up-to and continued to trade beneath it. But it then very quickly ballooned over the recommended buy-up-to of 6.45p, trading all the way up to 8.94p in morning trading.
This isn’t the first time we’ve seen this happen – it likely won’t be the last. And in our experience quite often after an initial buying frenzy, assuming no material announcements are made, the price subsides over the space of a few days or sometimes a couple of weeks.
We then see the stock back to a reasonable level after the recommendation. That’s not always the case, but I’ve seen it happen regularly.
Hence, while FOMO (fear of missing out) can kick in, we encourage you to exercise patience.
If the stock does calm down back to around and/or below our buy-up-to price, those that overbid for the stock suddenly find themselves sitting on a paper loss. And those who exercised some trading diligence and patience will find a suitable entry point.
We will review the stock, the position, the buy-up-to and what we record as the entry price for track record purposes. If we feel like there’s a need to change the recommendation or the buy-up-to price, we’ll let you know.
Thanks and regards,
Sam Volkering
Co-editor, Frontier Tech Investor
