There are a couple indicators which may go in LDX favour, but it will be meaningless without
news and substantial volume.
Bollinger is being squeezed similar to previous run up, however the stock was severely oversold at that point. It also moved north in preparation for a CR which seems insiders tend to be able to manipulate - happens a lot with spec stocks.
The issue currently is volume is non existent comparatively. Volume in the first selection was around 8M and 15M in 2 days. Highest volume day in the last month was 9M sell off at the quarterly news.
The company needs to provide a substantially positive update and
the overall market needs to react accordingly. The market determines the price, regardless of someone's investment strategy. Most people like to wait for a confirmation of TA prior to investing, which typically aligns with the herd (market) buying in anyway.
FA is not terrible, but it's also not great. The company has provided
zero guidance on revenues and we are assuming that the deals in place will translate to ongoing revenues - this is why the market is reacting the way it has. Listen to the Bell Potter interview with Doug and the questions provided by the presenter. Asks numerous times on when LDX will be cash flow positive and or see the expected revenues to be profitable as well as the FFN revenue. Doug's response every time was that "we expect to see it grow next year" and i mean, which CEO would say otherwise? He also stated Hologic don't provide guidance, however you don't need guidance as they pervious years reports align fairly similarly, a person can make their own estimates with relative ease. However, as there is no deal in place for ongoing revenue from LDX. So right now, people are prospect investing that the company will at some stage provide value to their investment. When you are right at the possible bottom for a spec stock, its hard to be anything other than part of the herd. One might say as a contrarian they were buying on the original dip on the first CR at .07c as it was going against the prevailing or historical market sentiment at the time. However, you would still be at a loss today if you did that.
Right now however, the company is, as
@RestlessHobo stated, bouncing off the bottom.
Most who bought in higher, regardless of their strategy are still buying in to average down their position in the view this will still be something at some point.
Lastly, its fruitless comparing investments in spec stocks / penny stocks like LDX to what WB does. He wouldn't have bought a penny stock in his life. Even with his investment strategy and principles. His principles are based on investments in well established businesses which appear undervalued in the market. Those companies however, still have substantial underlying fundamentals you can analyse. LDX simply doesn't have that at this time.
