true believers, page-8

  1. 258 Posts.
    hey there 9 lives

    I pretty much came to this stock because of the same breakout. Never heard of them. Never been on the ASX. But I am deeply across the processes that large corporates go through when procuring large enterprise applications, and the red flag here is the speed of engagement, the path to revenue and the impact of news flow on share price appear dis-aligned.

    As you make clear - there is no reason whatsoever that this stock couldn't get to $5 and then all the way to mars (the moon is pedestrian. We think bigger than that people).

    However - In the past 2 days I've got a real sense of the beliefs that drive the holders of this stock. And these are very much a high conviction bet not (yet) supported by fundamentals. We've developed an interesting index for sentiment that we can harvest via social signals - and this one is off the charts.

    The reality then is the scenario you are laying out is both real and potentially likely.

    But it doesnt reflect in any way on the real value of this company. I have absolutely zero insight into what this thing does, how it works etc and Ive made that clear in the past 30 posts. It reflects then in my firm view that I have no idea what this is actually worth. It does though reflect on the behaviour of sentiment buyers. This is a conviction buy.

    The outpouring of angst I just know this post will get is simply a reflection of that conviction. Lighten up people - s'allgood!

    laters!!
 
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