scroll

Why sell and buy SEEK within a month?

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 25/03/2023

Why sell and buy SEEK within a month?

Hi James Question about SEEK. I was surprised to see your buy alert on Seek last week. It was only a month ago that that you sold it from the portfolio. I understand macro environment is changing pretty rapidly at the moment, but can you explain to me what exactly changed within a month so that seek went from a sell to a buy, especially when you had purchased it in September 2022 for around $20, sold it around $25 and now bought back in a month later at around $24.

Answer

Hi Josh,

As with anything in life, it’s hard to predict the future. We took profits on SEK because it had made it to our target and given prevailing macro trends, we wanted to reduce our exposure to tech correlated stocks. That view evolved inline with the markets expectation around interest rates, so we bought back the stock. Importantly, we would not have an issue re-buying a sold stock at a higher price if we thought the rationale stacked up at the time. We start each day with a clean slate and an open mind and make decisions accordingly.

chart

Seek (SEK)

LAST UPDATED 25/03/2023 09:31

Latest Reports

Afternoon report 17/04/2025

The Match Out: ASX strong as energy bounces back, commodity stocks impress on quarterlies

A bullish session after a decent hit to U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour.

Morning report 17/04/2025

What Matters Today: Did MM turn neutral towards Gold too early?

The ASX 200 performed well on Wednesday, considering US NASDAQ Futures were down over 2% by 4pm AEST, courtesy of poor news from both sides of the Atlantic before the respective bourses even opened. Global Tech stocks sank on a one-two of bad news for tech goliaths Nvidia and ASML, the last thing the embattled semiconductor sector needed.