Tech stocks: Don’t run with the crowd

Dramatic swings in the tech sector in recent months have fostered a herd mentality that investors would do well to avoid.

Earlier this month we noted the NASDAQ index, which is dominated by high flying growth stocks across the technology and biotech sectors, had succumbed to heavy profit taking, fuelled by stretched valuations and fund positioning.

The volatility even spread to our shores, with a number of online and technology stocks falling victim to profit taking. Some of the larger names included REA Group (REA), Seek (SEK) and CarSales.com (CRZ).

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles