I would call it pump buying, but I wouldn't be seeking my opinion on this stock, I bought at average of 2.9c and sold at average 1.7c!
My suspicion is there has not been a Feb sales announcement because they didn't hit the fabled 20% MOM growth figure. I also suspect the VR partnership is a distraction to selling the main product, with a low probability of any meaningful financial returns in the near future.
This is all based on my distrust of everything in the announcements compared with what has thus far been translated into revenue.
My best guess is that this "pumper" will turn into a "dumper" before the next quarterly comes out. If not, it will be soon after.
No hate mail please, just offering a reply to people who like to tag me on every green day. Researched replies welcome.
VPC Chart, page-192
-
- There are more pages in this discussion • 238 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HHI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online