Hey this looks like every other tech stock thats listed in the past year
Investors on the ASX do not know how to value technology stocks and it has clearly shown in the last 2 or so years. Since there is little revenue tech stocks have to be valued on potential revenue and market sentiment at the time. The smart money has realised this and will pump any tech stock to a way overpriced stage only to let it crash down back to a more reasonable valuation. 1pg ($5 - 50c), RFN ($2 - 13c). Only the most innovative technology which has strong viability for use in the real world will continue to grow in SP based on potential (XPE,RAP). In the end some of these tech stocks may become market darlings and will deserve that title but dont hold your breath for every second tech listing which is promising you the world. The smart money enters and exits just as fast, while us retailers are scratching our head and creating every conspiracy theory possible to explain why its dropping. TV2 may have what it takes to be a great company one day but it does not have the same groundbreaking tech as seen over at XPED or RAP so until money is banked or bigger contracts are signed, enjoy the big swings up and down.
TV2 Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
