Volatility

Last week I made reference to Logica and Axon which had both halved in value since their 2007 highs. They were not alone… I was surprised, on a quick scan through my FT today, to note that all these UK SITS main market quoted companies are also trading close to or less than half their 2007 highs:

- Anite
- Computacenter
- Detica (who closed Friday at 178p - a 12 months Low compared to a 422p High)
- Gresham
- Morse

Tech averages are one thing. But if you were in the “wrong” stocks at the”wrong” time, you would have taken a really cold bath.