VNL 0.00% 9.4¢ vinyl group ltd

Ann: October 2020 Webinar, page-23

  1. 1,435 Posts.
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    Ha, don't think I've had someone go back through my past posts like that. Nice.

    I've actually been following the company since pre-IPO back in 2018. I liked it as soon as I saw it but knew it wasn't a buy at that point (with my experience with small caps and also being a website/app developer and having an understanding of jaxsta's business). Was hard sitting on the sidelines for almost two years until taking my first position two or three months ago as I was wrong initially and the share price shot up. There was no fundamental catalyst for me taking a position but a few technical signals such as the selling climax during the March sell off and the break of the long term downtrend to enter stage 1 accumulation.

    I bought all the shares I wanted before it broke out on the Songtradr announcement but didn't take any profit even when I was 500 or 600pc up as I don't see this having a problem reaching the 35-40 cent level this year and the going on to find a $250m-$750m market cap next year. Revenue and profit is great but the continued adoption by users and the increase in website traffic will drive this for now.

    Only an amatuer would try to apply a price to sales or price to earnings ratio to this company... not to mention they're pretty useless when it comes to a traders' career anyhow.

    Cheers and good luck with your holding. This is my largest.
 
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