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My opinion is firstly many aim investors do not understand the potential of what we have here, I've spoken to many of them. Secondly its summer money is generally being taken out the market at the time and thirdly three is global recession worries.
I have thought about this myself, there`s probably a combination of reasons why price hasn`t jumped after the recent news.
One which may be on the minds of potential new investors that are reasonably familiar with the story is that they may perceive that the current situation is now priced in. and that the strong rise this year was a bit overpriced previously.
Others may be delaying buying until the market returns to normal after the summer holidays, which is renowned for lower volumes and larger volatility...but I think they`re missing a trick if they don`t hurry up and get in while the Sun is still strong.
The chart has been showing very strong signs of buying beating selling, the buying pressure is winning. A breakout is definitely on the cards.
Here`s the 2 hour chart which clearly shows support rising in the `flag`, nice flagpole bottom at 25p (which was gratefully accepted)...luckily...and with the subsequent rise and creation of the flag pattern, with a flat top resistance at about 33.5p - 34p, traders and savvy investors will be aware that the completion of the flag pattern showing potential for a short term rise to 41p (the height of the pole transferred to the move above the breakout level).
https://www.tradingview.com/x/bwtE8snG/
There are still some sellers at 33p+, but once they dry up the MM`s will be forced to let price go up to the next level, first 36p resistance, but if some more news flow drops in next week, or the week after, and the one after that, or all three, then well in to Sept, the price could develop in to a moving supertanker with higher momentum attracting more attention and thus getting some wide stream publicity. A nice article in one of the financial pages over the bank holiday w/e would bring the story to the masses, sooner or later a financial writer will tap on to the Bidstack story and let the cat out of the bag.
And that brings it to another reason why the price hasn`t taken off with the recent `big` news flow, it`s because only a relatively small % of stock market participants are aware of Bidstack....yet!
A very high % of participants on this discussion forum have all said the same things...best company I`ve seen in a long time, brilliant CEO, highest % of my portfolio, gigantic potential in a vast market, first mover advantage, excellent team...expertly put together by James Draper......so why wouldn`t new investors be eager to buy in if after doing their research if they also came to the same conclusions?
Sentiment surrounding Bidstack is growing more optimism day by day. James is keeping his word about the news flow in Q3, so his prediction of `take off` in Q4 would be disastrous for the company if it didn`t happen, and would undermine James` credibility.... which judging by his enthusiastic optimism, his exuberant delightful belief in how the team are able to navigate carefully through to being a mammoth of the gaming world of advertising..it`ll never happen!
This Is Just T
I'd say at least 12 months & with the team they have in place they are pulling up the drawbridge behind them
IMO, Bids must be a good 12 months ahead of the competition, doing 3 years work in 1, Have big names on board, So i for one don't fear any other company.
This is the start and this is the reason why i have not sold a bean
For the record I really like the Bidstack story and if I wasn’t on a paltry support worker’s salary I would be putting a lot more money in!! But yes, I ponder this question about why the SP rises aren’t bigger.. In addition to the things people have already mentioned, I think a couple of factors could be at work:
1) A few question marks about moat / exclusivity. Could another player yet come in and crash the party? From my research I don’t think this is likely but others might
2) Profile. I think the moment Bidstack gets proper coverage in a broadsheet or similar, then we will see an instant effect on SP
Sorry “RAF31” - sausage fingers :-)
Good post RAF32 - recommended.
Gradual and regular news flow as James is currently communicating, appointments, collaborations, contracts etc. will help further support the SP as it rises so that the pull backs will be at higher points. Very happy with the communications and progress being made here.
GLA
I tend to agree with you RAF but all I would say is that none of the RNS are actually revenue generating. They are merely the tools to start generating.
Once details of revenue generating contracts are released, that’s when we will start to see value.
Q3 setting up, q4 boom.
Totally agree.
I dont think alot of investors/traders understand the importance of the Epic plugin. Which in some respects is probably a good thing. It means the SP should slowly rise rather than spike.
I also believe that most want to see the colour of money coming in before investing. For most, we are still looking like a startup company with 80m market cap but only 300k revenue. That's too big for most irrespective of what potential there is. I can guarantee as soon as the revenue flow is confirmed this will move and move alot.
Based on the current contracts I can see the MC being 5x higher by the end of next year. Possibly higher if things go well. Just need to sit back, relax and enjoy the show. ;)
Hived, personally I don't feel any of the 3 RNS's were factored into the share price prior to their release. All are fundamental in their own way and I'd even add the change of Broker to Stifel into the mix with that too. These contracts are huge for the business but feel the wider market won't really open their eyes to the potential here until they begin to monetise these contracts, ie when we get a H2/YE forecast for revenue, cash and profits.
I agree at first I was slightly bemused how the share price was able to soak up the news over recent weeks, it's like a boxer throwing 2/3 great punches and their opponent keeps walking forward completely unaffected. But know what I see is that previous resistances/gaps have now been filled and as we are entering the period of newsflow I'd expect to see continued gradual growth here into the new year as more and more people become aware of just what Bidstack is capable of.
My opinion is this will be ultimately brought out for big money so that is my end game.
GLA.
I left for holiday 3 weeks ago and the SP at the time was 34p. Bearing in mind a previous intraday high of 42p I was predicting a sharp rise on any positive news.
There were three positive RNS'; PubGuard, AppNexus, and Epic. JW was very positive on all of these, but I accept PubGuard was a small acquisition of an unknown entity, AppNexus paved the way but in itself did not add tangible value, but Epic can surely only be described as exactly that...Epic! I had predicted that SP would rocket if either Epic or FIFA was secured. Hence I am perplexed as to why the SP has not even bounced to the previous high of 42p. I have every faith in this share, but do not understand why the price does not reflect the news. Presumably the Epic deal was not already consumed in the price at 30p? If so it was a riskier proposition when I bought than I had realised, what if we hadn't done a deal, would the price still be the same? If that is the case there is no perceived value in this news, which can't be the case? Anyone care to comment on their thoughts as to why the SP does not seem to have reflected what has been going on?