Friday 18 December 2009

Hope springs eternal...

This posted today by 'siday2580' on the ADVFN Blinkx thread:

"I have a feeling that this company is ready to expose itself for what it is and what it has become. If your in around this price then we will be rewarded in the next 6 months, without a doubt. If i am wrong then somebody will snap up this company. So the risk is no minimal." (I think s/he means just 'minimal')

Only problem is that more than 3 months ago delusionistas were SURE that the price would 'explode' over the next three months (which three months expired on 1st Dec, when the share price was pretty much where it had been at the beginning of September). Then another ramper guaranteed that a merger was coming within the next 10 days (which 10 days ended two weeks ago today).

Sounds like the rampers are getting desperate to me. From where I'm standing this company looks like it's doing nothing and going nowhere. (An entirely reasonable view given the almost total absence of newsflow.)

And as for a third party snapping the company up - given that Blinkx's (unfulfilled, so far) potential has been on plain view for all to see, why has nobody made a serious attempt to snap it up so far?

And looming over all such discussions/speculations the one glaringly obvious, unanswered question - if next year is going to (finally!) be Blinkx's year, why aren't management buying shares in their own company in the open market?

Funnily enough, the rampers can't answer that one...

edit: "I have a feeling that this company is ready to expose itself for what it is and what it has become" - of course, you could read that two ways...

No comments:

Post a Comment