What are your current thoughts on Megaport (MP1)?

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Question asked 15/07/2022

What are your current thoughts on Megaport (MP1)?

Hi guys, New-ish to investing, I got carried away "buying the dip" in the Megaport share price, and now my weighting is higher than I'm comfortable with, so I'm considering selling some to reduce my risk. If MM were current holders, would you be happy holding, or looking to sell, and if so, at what sort of level do you think? If your cost base was higher, would talk of potential takeover bids cause you to consider reducing your holding if a bounce is seen in the coming months? Thanks, Brent

Answer

Hi Brent,

At MM we try not to consider our entry level when considering existing positions, it has a habit of clouding our better judgement i.e. we have made this mistake before and it’s cost us money!

Over recent weeks we’ve been outlining our view that tech stocks should continue to bounce 5-10% where we are planning to reduce our exposure to the sector in anticipation of one more look to the downside, we see no reason why MP1 wont follow our core view towards the battered sector.

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Megaport (MP1)

LAST UPDATED 15/07/2022 11:12

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