flappy birds on mbe platform!, page-44

A few things to say here.

1. From a purely technical standpoint, there is a very strong possibility that we are going to see a large climb up to low 40c. I made this call 3 weeks ago, check out my posts. All the signals are in place for this climb now. It could happen by this Friday or rollover to the next week.I think it is most likely to have a high volume day in a couple of days and have a high thursday/friday breaking 30c.

2. This rise is not just manipulation. In fact it is supported by the developments in the company and with anticipation of further news. It is maintaining a very stable pattern so far and the 50MA is very consistent.

3. There will always be competition and this is clearly outlined in all annual announcements and shareholder presentations. This should not come as news to any potential investors. To think that there is no competition is not only naive but also ridiculous. There are a whole lot of other risks outlined like market forces etc. DYOR.

4. It is common knowledge that we are in the infancy of mobile internet and content consumption and there are established advertising companies in the market with impressive portfolios and client lists. However like the infancy of the internet and desktop media consumption, there were established market leaders that could not move with the market. At the same time, there were smaller players that worked towards a goal and moved with the market with clear goals and purpose. While there is a possibility that MBE could be either the former or the latter, I strongly believe that they are the latter.

5. I'm not saying that MBE is without its flaws. They have a shocking investors relations and market update profile. Their website is also outdated and not at all optimised for mobile. AFAIK, they are not very savvy with marketing themselves.

6. MBE are working hard. They are making progress and have achieved tremendous growth. If this continues, there is no doubt that the SP will adjust to reflect this. With that in mind, you have to question how long until the ASX realises the company's potential.

7. The market is probably waiting for broker coverage before we see a significant rerate (past the 40c point). The right broker coverage will undoubtedly raise market confidence.

8. MBE have to announce a few big things like the Singtel Products and the OS revenue. How these announcements are going to influence the SP will be at best marginal.

9. I say that because until we hit the 150m-200m threshold I predict that we will continue to see this pattern in the chart. Don;t get me wrong, the fundamentals are not going unnoticed, they definitely support the sp.