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Day Trader’s Weekend Aftermarket Lounge 3-5 May 2019, page-23

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HairyRichard

3,853 Posts.

542

03/05/19

17:23

Post #: 38401457
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Originally posted by HairyRichard: ↑

EN1 is a tricky one.
Tryin to just trade the trade here...

While technically profitable, they won't be able to afford to pre-pay for future adspace

The whole business replies on them buying digital adspace and then reselling it. If they make $10k/day in profit from $60k/day revenue, they'll still be about $30k/day profit short as they need to front up for adspace now to resell in 3 months. Ads they sell are also paid on 120 day terms so there's some massive lag.

Leave that one to the professionals in the business IMO... Or us kids with less brains and a higher appetite for risk.
I'm in 2 minds on the business really... Burnt from IPO , 18c down to 2c lol... Like I said, no brains and therefore no stop loss...

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This one was supposed to be @Endless

No more EN1 posts from me... Taking over the DT lounge lol
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