Australian (ASX) Stock Market Forum

Tech Stocks

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Hello everyone, hope you are having a nice weekend.

I have a few stocks in my portfolio including Amazon, Adobe and alot of Technology stocks are crashing, due to the sell off. Many investors believe growth will slow now the pandemic effects are wearing off. I kindly wondered if now would be a good time to sell these stocks please as they have made losses over a sustained period of time and nobody knows how long it will last?

I have thoroughly researched the companies and i believe they have good growth potential but do feel the growth will slow and many investors i believe are investing in different sectors on the stock market. I would be forever grateful for any advice you could kindly give. You take care folks and stay happy!
 

greggles

I'll be back!
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Robert, nobody here can tell you to buy or sell stocks, but you clearly understand what the current economic climate means for tech stocks.

You don't have to look far to see that sentiment for tech stocks is turning bearish.


Your tech stocks may take a beating in the short term, but they may be winners over the long term. It's up to you whether you want to rotate out of growth stocks and into value stocks in the short term and then back into tech stocks when sentiment turns bullish again. Due your research and make the call that you feel most comfortable with.
 
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Thank you greggles, with not knowing how things will plan out with the Feds hiking Interest Rates i will be rotating some of my stocks into value stocks. I appreciate your input greggles, thank you very much.
 
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i avoided US ( and EU ) tech stocks

sure i have limited exposure via a few LICs

my Asian Tech stock exposure is mainly via ASIA ( which had a very nice run so i took out the investment cash , letting the profits run )

my tech stock exposure is mostly in Australia and NZ where i focused on tech stocks that pay dividends ( DTL , HSN , GTK , TNE , depending on what you call it now PME which is computer software interpreting scans and a few others )

it is easy to get lured by lots of 'exciting news' ( like i had with ISX 1.4 cents => $1 before selling out )

the trick is to find the nice stocks relatively early and watch them to see if it is wise to leave ( quickly )

i recently had a short adventure in ART , but they looked to be expanding too quickly so grabbed the profits and left ( rather than just the investment cash , as i would normally )

have a look at NEA ( i have never held NEA ) it should be stating to mature about now , maybe it will start to grow properly ( or be taken-over )

DYOR

but i NORMALLY look for div. paying value stocks , and sometimes they happen to be in the tech sector
 
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I bought TECH investments because at the time, it was better than cash in the bank, and I failed to sell.
So now, who knows how long before they recover?
 
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SOME TECH investments are doing fine , but they had a real profitable business , some new businesses might thrive as well , the HARD bit is working out which ones , take KGN , it was going OK until it decided to expand a little too much and needed to hold inventory , now it might iron out those problems and go on to better things , or might become a sitting duck for someone JBH or WES desiring a bigger online marketplace

just remember no ( or irregular ) power or internet and they are SCREWED .. there is risk involved they have major points of potential failure
 
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I’m watching KGN and wondering the same thing. What’s gonna happen?

TECH is one of my holdings, paid really good divs last year I’d be a happy Chappy if it did the same this year, so I’m hanging on to it.

ATEC has been really battered thou, bought that because I’m confident we have a good future in the tech industry if only the govt would back us instead of selling rocks and buying it back at inflated prices. Same with gas. Unbelievable!
 
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