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Thinking the same ... some good buys today but even still
What do we not know - 36p..37?
Why would the witches cauldron of political frogs assist here.
And what has a potential ??? immune system booster - to do with this stock?
It was tipped last week in SCSW. Never expected the further SP increases past Wednesday, but guess US election and vaccine have given it a further push
PIs need to know
Something afoot.
There is something to support this uplift?
6% up?
- 10% up currently!
Geezaloo, and no big hitting RNS either.
Media are reporting that Biden victory euphoria is sweeping through most markets in general. Other than that, no idea why.
its up 6pc first thing this morning
I know this stock has been in a vicious downtrend since the very beginning of 2018, but this latest rally has broken through the lord and master of all trend lines
- the 200 period moving average!
It's an important juncture. If this stock is to continue and prosper, the SP has to stay above it, which it has just achieved since Monday of last week. Most stocks trying to break away, never do so in one clean sweep, but take several runs at it.
Contrary to the slightly out of date Zak Mir analysis below, I expect the SP to continue the retrace next week, but maybe only back to the 200 day border, circa 23p-ish. Might even drop below it.
It's an important area for the SP.
Lots of good things 'potentially' on the horizon for XLM so giving it the benefit of the doubt to halt the retrace +/- around the 23p-ish 200 day border.
If it's a false rally, then it's back to its recent SP history of slip, slip, slipping away.
However, currently, that's a magnificent breakthrough right past that important 200 period area. If it's meaningful and therefore the floor of this longer-term downtrend, then it mustn't dive down much past 23p, or if so, only for a day or two at most.
Now all I have to decide is two things: Is it a buying opportunity, or has last week been a false rally?
Decisions, decisions, decisions :)
(Made a right wad of money on a gambling connected stock previously (GVC).
Looks like nothing more than a p&d from those with a large holding who want to get the hell out.
The company itself said that the google de ranking may not even be reversed.
See ADVFN
It had a full write up in SCSW at the weekend and Dr Know summarised the content at 1035 yesterday. Clearly a complete breach of copyright. The article itself was excellent and I feel that has been the catalyst
XLM is easily a 40p + share - even in the current climate. Cash rich and still making profit.
I think 'the insiders' have been keeping this down as long as they can and it's time to beak free from the chains.
Personally - I loved the chance to triple up my holdings below 20p - now it's just a waiting game to either get a 200-250% return or see if they resume any dividend payments after the clouds clear from their 'google' $2m per month in lost revenue debacle.
Even at todays price of 30p - they paid dividends in 2018 of 5p - that would be a very healthy return of just 6 years to break even, without any price rises or American expansion. It's a no brainer for me.
A strong smell of insider trading in the last two days. No news announced.
Let’s hope there is some good news coming out to back up this rise.I have been very patient with this stock and will continue to do so because if they can make the American market work this will be back to its previous highs in the next couple of years.
Tipped at the weekend.
@jl - TY
You are right - maybe because I have never got a trade right in my life, but I like undervalued shares. And this is undervalued if you accept that the management team need to deliver on their promises.
It sounds as if the cost savings are locked and loaded and we should get confirmation fo that in February.
Which means that while the penalty is not this management team's fault, removing it should be occupying their every waking moment. My business suffered a manual penalty and (eventually) got it removed. It is not straightforward and Google can be cryptic when they refuse to reinstate a site. Which they did here in July. So, for me, this is where the risk/upside is. A resubmission will happen in the next 8-9 weeks. Google will deliberate, but in my experience not for more than a couple of weeks at the outside, so we should hear by mid-Jan 21.
Fingers crossed.
GLA
GS
GS
I know you commitment. (previous postings) Currently a concern only if u need to sell.
This is not a day trade but an investment. So many short term comments - as on other BBS - can only see to the end of the week.
GL GS
You are absolutely right in what you say.
My take is the market is fed up of the company over promising and under delivering.
Until this changes and the company actually starts delivering the sp is not going to move much.
I have bought quite a few now so can wait until the hopeful uptick comes.
I still think this is a screaming buy. Cash reserves pretty much maintained (down $2.6m in a year with a Google penalty and COVID and a cost reduction program (redundancies cost money). Still making money albeit not much. Market cap roughly 2x cash in the bank.
Expectations clearly set out in the last RNS are for:
A general improvement in trading
Removal of the Google penalty (from memory) I think XLM said this was costing them $1m p.m.
$5m p.a. cost reductions to begin to show in the second half of this year
Each of the above, taken separately, on even an ultra-low multiple should be worth more than the present market cap minus cash.
GLA
GS
I'm surprised at the low level of activity here for XLM.
The poor past history of XLM is likely to have put plenty of folks off this share but we're into new ground now and it's likely that a good opportunity is being missed.
Some of the sizeable buys in recent days perhaps also confirm this.
XLM being wanted and strong into the close today - 24.5p being paid and the same for that 100k shrs lot in the late afternoon today.
News coming?