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STT, you're stating the obvious.
When we were the piece of sheeet formerly known as blinkx then RhythmOne, I'd poke my head into this site from time to time and read a few posts. As I said earlier, I agreed with a lot of what you had to say back then, even though it was not at all popular (or maybe it was just you). The reason I am back is because I don't believe we're the same piece of sheeet company we used to be.
Gdog,
"But we do try to gain an edge by doing our homework, we try to invest "wisely", and being opportunistic."
Part of that homework must always be to read both bull & bear points, question the contents of a post and crucially read up about where the industry is heading.
If the bear points can be countered then it makes the bull points stronger. And vice versa.
Gambling aside,(when you give your money away it's always a level of gambling...)the current valuation here is very tempting, IMHO.
As such I took a gamble and added few yesterday...if the company is happy to part with their cash in a big way atm then I am happy to part with mine...(well I meant I will be happy if I see it back + decent addition....)GLA
Hey Tricky,
You got that right....we're all gamblers. But we do try to gain an edge by doing our homework, we try to invest "wisely", and being opportunistic. I am back in this one in what's now a relatively big way for me, for a reason...but there are no guarantees, that's for sure. So yes, it's a gamble. For all of us, retail or institutional.
I don't play cards any longer (I wasn't that good at it, even though as I kid I thought I was...expensive lessons). I don't bet on sports. I don't need to go to Las Vegas...I "invest" in equities and real property markets. Invest being a euphemism for gamble.
That keeps me more than busy, and what I do is all the risk I need.
Two countries separated by a common language? Intent / context misconstrued? Perhaps.
I stand corrected, and shall not take it personally.
Actually, I almost pulled my reply to the post after I read dagsteeth's post a second time. Then I went to ADVFN to see if I could get better context. I hadn't been on that site for about a decade, give or take. Rather amusing.
I guess I didn't like being accused of being 'a retail investor compounding a problem'...a problem which I did not create, and over which I have zero control. All I wanted to do is take a larger position in TRMR, after doing a fair bit of DD, and I liked what I saw. I am forced to buy the stock the way I buy it because I live in the USA. Surely I'd rather go to the open market, not to auction, where I would be given the opportunity for a better price than I usually get at auction.
Funny, but on several occasions I'd bid, say, 152 pence, but the auction would close with my obtaining the stock at a lower price, say 150 pence. A real head scratcher. I can see what I am offering on my board, I can see what the ask is, and how many shares are on both the bid and ask side. Then, after auction, I can occasionally execute at a lower price than my bid. Go figure.
Eagle gave me a chuckle, before I saw he told me he was kidding.
Scorpioin: I cannot manipulate the price at auction at all. I've learned how to fill my order, but it's usually at the mercy of the ask side. They go to auction with a set number of shares at a set price. I do the same on the buy side. If I see there's x number of shares available, and , including my bid for x number of shares., I will be pretty confident that I'll get my shares, and the worst price I'll pay is what I am willing to pay...which is most often the case. I don't know if I am making sense, but I know what I am trying to say.
Jinky, you have me nailed. You can't teach an old dog new tricks, and I am getting older and more set in my ways each and every day. Sitting down and shutting up are not part of my MO; not gonna happen.
I don't think gdog is being treated fairly at all.
What are you guys on?
He states his case openly and people try to find fault.
And for what?
We are all gamblers and the sooner we accept that the better.
Copied over from advfn... I think this was a rather Good summary...Yes a perfect summary of the situation over the years, having been here for the best part of 10 years.
gdog has never changed, you can't teach an old dog new tricks, too much listening to the Donald, wynd your neck in.
It wasn't personal gdog.
ScorpionWinger, that's the way I read it too. Nothing aimed at gdog personally...just that the tools he has are clumsy and could be misused (unintentionally perhaps)....which is sort of what gdog has said in previous posts.
Boy Americans can be touchy...they come over here and interfere with our wonderful relationship with China & Huawie 5g, and they get upset!!
PS Just joking gdog.
To be fair I didn’t read it like that looks to me that he was merely making the point that you as a retail investor has the ability to access and thereby manipulate the auction price thus demonstrating lack of real liquidity rather than any intended slur on you perfectly reasonable trading activities. I actually concurred with the thrust of his piece.
RE: "Retail investors like him with DMA access compound the problem and are just gamblers with slightly better tools."
That comment was a direct reference to me. My comment on that comment: What a crock of sheet. Dude doesn't know jack effing sheet about me, and ought to realize as much.
Copied over from advfn... I think this was a rather Good summary...
Barky
I wish you wouldn't see conspiracy theories everywhere. The truth is much more simple. Namely, Blinkx made excess profits through dubious actvities and raised a big cash pile at the top of the market. Once found out they had to rebuild their business and a raft of low quality CEO's came and went feathering their nests and making one failed acquisition after another to try and find the right magic potion. In the other corner, Taptica were in the right place at the right time for their performance division, equally raising money at the top of their market, which unfortunately had a limited shelf life. As a result when the 2 drunks stumbled together they convinced themselves that a combined CTV offering is their shot at redemption and that Ofer would be wildly rewarded for pulling it off. I don't think for one moment that Schroders and Tosca deliberately got themselves into this posiiton but having dug a hole in which they are stuck, they are giving total backing to management to pull out their rabbit from the hat with the prize being the sale of the business and how they achieve their goal of an exit and get their return. They are backing Ofer because he is doing what he told them and by all accounts works 24/7. They know that investor information or interest is non existant but they don't care nor encourage it nor would they have wanted the truth to have come out through all the mergers and lightweight/misleading statements - retail investors should have run for the hills 3 years ago (Seek's dossier) - but now we are in the same boat as Schroders and Tosca because all they want is confidence to remain and the business to be made fit for purpose with the sp taking care of itself when it is. By my calculations, if you exclude the largest shareholders, a couple of large individuals, a couple of insitutions just below 3%, management, genuine free float is less than 20% of which a decent chunk keeps getting recycled hence there is no liquidity and just nonsense price action. If and when the company demonstrates organic like for like growth; a macro improvement; or wins the Uber case, the price will re-rate rapidly. And in the meantime, there's not much else to do but hunker down and get behind the management since if they have the fulsome backing of the big boys, there isn't much more to do than that, however irksome that it means investing blind. It really is no more complicated than that. There is no manipulation or weird agenda. PS interesting that Gdog on LSE commented on his pre trade in yesterday's auction. Retail investors like him with DMA access compound the problem and are just gamblers with slightly better tools. The 150p Friday DMA auction trade could easily have been a screw up by a mug pressing the wrong button.
If you are rational, no-one here has any incentive other than to see the share price boom.
Our gang remain seething however at the lack of trans
Hey Cury,
So far I'm quite well over here on the west coast, USA.
Thriving, actually. The drop in the markets gave me a lot of opportunities, and I am capitalizing on them. Fingers crossed things don't get too far out of control and we all emerge on the other side both wiser and richer.
Thanks Rusty. I agree, let’s hope the buy back does its job. I trust you, gdog and our other regular holders are all fit and well and that we get through the current health crisis unscathed. Regards.