Monday 23 April 2012

Blinkx stock fails to meet high expectations for online video ads

When you look at Blinkx’s underlying product metrics, you see a bellwether for the growth of the online video sector.
But, when you check its share price, you see that growth in reverse…

http://money.cnn.com/news/newsfeeds/gigaom/articles/2012_04_18_blinkx.html

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I notice that the comments from investors are taken from iii, rather than from the mad house over at ADVFN with its deluded rampers such as digitalis, who has been predicting a share price of 375p by the end of May (only possible IMO if a 4-way bid battle for Blinkx breaks out between Apple, Amazon, Facebook and Google - and there's no chance of that - and Blinx discover gold and oil under their HQ)...

"But Blinkx shares on London’s AIM market are down 72 percent from their November high."

Down 72% - for a company supposedly growing fast in one of the hottest tech sectors on the planet. A shameful indictment of company management, in my opinion...

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