BUD 0.00% 0.6¢ buddy technologies ltd

BUD-LifX The Future, page-2

  1. 2,814 Posts.
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    Good to see some volume back in the stock. 5.5m yesterday and then again today. Its a very common chart pattern to have a blow out top or bottom as fear and fear of missing out general marks the turning point. I believe we saw that yesterday at 7.9c. Its also a good sign that the increase volume is on an up day. I think when the debt is secured, and with whom, the stock will kick through that 12-13c level. Great to have Fidelity as a major shareholder. In their DD they would not have just looked at LIFX but also buddy and answered in the affirmative that both part of the business represent a good value investment. 
    The Lifx acquisition does de-risk the stock from a financial perspective, but more importantly, the addition of Tim and Marc add to the quality of the management team. I agree with you that the next 12 months hold a lot of exciting possibilities. Mistakes have been made and learnt from. The team are listening to what the energy market wants and a laser focused on delivering that. 
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