Thoughts on Price entry ?

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Hey Mat/Dan, any thoughts on price entry for LSPD /NVEI during this sell off?

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Asked on January 6, 2021 8:49 am
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Hi there,

I am not necessarily big fans of timing entry points outside of paying attention to stocks which are in overbought or oversold territory. Both of these company's are seeing weakness a a result of the general industry sell off as a result of the Georgia runoff Senate elections looking to favour the Democrats. In my view - this is just noise.

Over the long-term, I believe in the long-term prospects of both companies which is why I continue to hold both and have no intention of selling. If I thought either of them would produce negative returns from here, I'd have sold. Worth noting however, despite these dips neither stock is particularly cheap - then again neither is the software industry as a whole. Given this there could still be volatility ahead. If you are worrying about paying too much, one can always average into a position. Take a partial position on this pullback and see where it goes.

Mat

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Posted by Mathieu Litalien
Answered on January 6, 2021 10:21 am