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The UK index is undervalued, but I don't put too much money into them. The big money is on America, I continue to buy their stock because the size of the market. The sell-off in America is what I wanted, so I can buy or top-up stock at sale prices. There will be plenty of bloodbaths coming, but the green tech stocks will be the winners. Just look at the likes of Shell, BP and Exxon, they are slowly becoming extinct.
Sensible ones don't time the market, sensible ones invest in solid companies and add during sale prices. I'm not even sure why you want to spend so much time on ITM, there are so many opportunities out there in the market that doing well.
All I care about is how much money they are making. Let's see what their balance sheet looks like in the next few months before PIs get carried away. The current SP is not the deal breaker here, it's the fundamentals and scaling of the business. And there will be many EdTech companies competing with them. I have high hopes, but not going to get suckered into confirmation bias.
A green revolution is taking place, Tesla is leading it. If you research the company, then you will see why the SP is high. It's a growth stock, growth stocks are not linked to fundamentals. 60% of it is owned by institutions, btw. Tesla is not a car company. Surprising how many investors don't realise this. Stop comparing to the automakers, those automakers are screwed, anyway. Even the analysts have given up trying to short it.
Nio doesn't make the cars, they outsource and they haven't proven they can scale the business. Tesla have scaled, they have vertical integration, and don't just make electric cars. They are all-in-one green tech solution. You haven't missed the boat on Tesla. They are only just starting. I keep buying at these levels. The likes of Shell are screwed.
The CEO hardly uses social media to promote Dev. What about pictures of what they are doing? Pictures from the career events? Anything? Tweet the hell out of it. A young tech company should be using social media to constantly promote themselves, simple!
Akers, Duff and Johnson must know what kind of numbers to expect from Dev in the coming months, you can't be a large holder not knowing what revenue is expected and where the business is heading.
For the rest of us, it's based on knowledge of the sector and the future of VR, which I think is going to be big. Scaling is the hard part, that's where Dev will have to prove that their business model can deliver.
I usually invest when a company has had two successful years, the price entry is generally irrelevant. So it's not this year's number that are important, it will be the next two years, can they build their revenue over consecutive years.
Dev's social media presence is anaemic. They need to work on this.