Blinkx - the online video search company has quietly put on almost
25% in just 4 trading days after being shaken down to the early 40’s
post the 10 April trading update that revealed slowing growth - contrary
to analyst expectations.
This type of price action, going against the fundamentals, is always
interesting to us as traders and could be a precursor to some type of
corporate activity. All the more intriguing given that asset managers
FMR & Black Rock have both been reducing in recent weeks.The stock
has obviously been finding a home somewhere…
With the company presenting at the Digital Content NewFronts
exhibition in New York during recent days, an increased amount of
awareness for the company and positive momentum for on-line video could
be the culprit for the price rise of course. Either way, the price
action closing back over 50p for 3 consecutive days is an encouraging
sign to the bulls - I’m tempted to join them.
from SpreadBet Magazine
--------------
Corporate activity? Oh I hope so. I for one would be more than happy to take c150p a share, forget this company with its woeful mgmt, take the money and get on with my life, ruing what could have been if this company had only had a grown-up in charge instead of the clueless wannabe we actually have got...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment