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15:32
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Originally posted by nine lives
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yeah was thinking this morning how at times like this I would rather be holding a stock like VPC if I am going to be holding a tech spec. Last week we had a poster who was expressing doubts about the demand for the Velpic platform. That poster held ISX and when I tried to make a value comparison they told us about all the gunna-doo millions that ISX was gunna make based on some broker reports.....and, true enough, ISX has been a market darling but it is also a stock that was valued at 350 million last week (now closer to 250 million) and still had zero, zip and zilch revenue. When the market turns to diarrhea as it has now it is much better to be in stocks with a more traditional valuation. With VPCs new clients from this month and December revenue must be increasing to the point where the current market cap must be approaching 10x revenue. That's going to put a floor under the share price and any further signings will be gravy. Some techs have been smashed in the US in the last couple of days including Atlassian who were down over 11% last night and about 16% on Friday night. That's gotta hurt. Cornerstone on demand were no better but perhaps there may have been a hint of capitulation in their share price last night.
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I was happy with the lack of trading in VPC for most of the day ( I will take disinterest over getting a beating any day of the week) and thought it was due to the points you have outlined above, unfortunately someone has given in late in the day and we have had a rapid fall (maybe some stops in there?)
