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8horse

34,338 Posts.

9114

16/03/16

23:13

Post #: 17294178
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Originally posted by OllieB ↑

Just because instos are punting on it certainly doesn't mean it isn't a concept or speculative tech stock.
The fact that it has an unproven revenue model, virtually no revenue, no earnings, no cashflow etc, that is why I call it a concept/speculative tech stock. Maybe that all changes by the end of this year or maybe not. But it is less of a concept stock versus 12 months ago!

In my view, whether you call it a concept stock or speculative tech stock - who cares. Move on.

The stock is down 75%, so yes I would be a bit disappointed with the instos!!

Also, given the stock is down 75% and there is clearly a lot insto selling what does that tell you?? Do these instos know a lot more than the retailers??

I bet a few people on here (like Arryd and TDA) probably know more about 1PG than a lot of the instos.

Anyway, I am getting a bit sick of arguing on 1PG, particularly given I just say the same thing over and over, so I think I will stop posting for a while.

For what its worth, I think around the 1.35-1.45 level the risk reward is not that good on the short side, so would go neutral around there (I wouldn't go long, but would cover a short).

Good luck and I hope it bounces back for you.

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Virtually no revenue???

Have you checked ASX announcements???
January added $2m contract, latest annualized revenue $4.2m.

That was why i annoyed your stupid posts, just defied the fact.

1PG Price at posting: $1.48 Sentiment: Buy Disclosure: Held
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