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I would....
Said I was waiting for 17p, but may wait a bit longer now
There's strong resistance at 15p, if we dip below that then who knows....
Ah interesting, yes I'm sure this is why. And makes sense that XLM would be hit disproportionately hard because 1) it's relatively illiquid and 2) it has just reoriented itself around a US-based strategy.
Now, I hope this isn't overly optimistic, but my initial reaction is that this news isn't all that bad for XLM.
XLM's entire business model is basically affiliate marketing for betting sites. This means producing quality, relevant content that customers engage in, linking out to betting sites where appropriate. This content is NOT "predatory advertising". XLM is not an advertising agency producing these adverts and, if these adverts are banned, presumably XLM's approach would be _even more_ attractive to the betting sites as a way of funnelling in new customers.
I do get the other side of the argument too though - if advertising is banned then it's likely that the sports gambling industry as a whole will become worth less; the pie is smaller and XLM's piece of that pie shrinks correspondingly. But my hope is that this is too simplistic.
Super Bowl betting sets records for sportsbooks
This was the first Super Bowl played in a state with legal sports betting.
Already, sportsbooks are accepting wagers for next year’s Super Bowl, which, for the first time, will take place in America’s gambling capital – Las Vegas.
The American Gaming Association, the trade group representing the casino industry, projected a record 50.4 million American would wager $16 billion on this year’s Super Bowl, double last year’s estimate
https://www.cnbc.com/2023/02/13/super-bowl-betting-records.html
No change here
Premier Investissement SAS (Mr Mitterrand) 73,478,567 27.98%
TFG Asset Management UK LLP 13,500,000 5.14%
Ory Weihs 8,137,444 3.10%
Yes, I saw that...
40k chunks getting sold, back down to 15p or less again I expect.. Gla.
Still a big seller dumping shares. A fund has decided they want out for whatever reason, it will be interesting to see who it is of it gets TR1
You can buy 100,000 shares this morning no problem. Spread is low as well..
Yes absolutely difficult
I tried to get another 80000 at 18.4 on order they didn't give it. Tried 80 000 no quote again but got 50000 more on open buy at 18.49p. 50m market cap liquidity should be slightly better imo
Struggling to buy more :(
Drop overdone imo, I've grabbed a few more because after March results we'll be a lot higher I recon. Now holding 350k
Managed to buy 100000 at 18.65p at quote
Wouldn't surprise me id those selling in the 19's 18's and 17's all bought in the 20's, what a way to trade
Sold 70% at 23p didn't expect to be buying back, I'll wait for 17p if it comes
You can't buy these cheap...
Spread to ask is quite high, so shares are in demand...
Don't get suckered into negativity here, read the board updates and watch the webcast..
We know results to be announced in march already, this is a turnaround..
After multiple excited writeups over the last few months, scsw has implicitly downgraded XLM in the latest issue to a “speculative buy”, and averaging down in the “naps” portfolio.
I suspect this could be a driver for the price movement - I’ve noticed scsw can have a decent impact on small and illiquid shares before
So the theory is that people out there thought superbowl fever had driven the price up, and now it's over this is the best time to sell?
Plausible I suppose - would be a shame if it turned out that run up was more about this superbowl trade and less about the positive news flow!
Looks like we have a seller around. Take advantage of the dip, I have!
With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about US$16 billion on the National Football League championship game between the Kansas City Chiefs and Philadelphia Eagles
U.S. sports gambling sites cash in on Super Bowl betting mania
https://www.ctvnews.ca/sports/u-s-sports-gambling-sites-cash-in-on-super-bowl-betting-mania-1.6270690
What's going on today then, 10% drop....
My view having watched webcast is that they have learnt many lessons.
Acquisitions can be a good way to grow, but integration into the existing business can cost money and divert energy, this is what I feel happened here...
The US market is clearly huge, and the current business plan of just chasing that makes sense.
Also seems to me that they have a great team now with a broad knowledge, would have to really screw up to not make the business good money moving forward...
There were also alot of director buys around 40p, so plenty of focus there to succeed..GLA.