Business
These oversold ASX tech shares are ripe for the picking
One stock expert has admitted he got it wrong last year but said that this means that right now, there are some massive buying opportunities.
Forager Funds chief investment officer Steve Johnson said that when the COVID-19 market crash happened 13 months ago, his predictions proved to be “woeful”.
“The way different sectors were impacted by COVID surprised me. A lot,” he posted on the company blog.
“Home furnishings boom? Nope. Motorbike retailer has best year ever? Nope. Funeral homes have their worst year ever? Definitely didn’t see that coming.”
The biggest surprise was the enterprise software subsector.
Johnson, as well as many other experts, expected that this group of tech companies would be relatively shielded…
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