RE: stifel note5 May 2021 17:50
Not going to lie this board is fascinatingly high emotion...and I think it reflects how the market feel about BiDs more broadly.
Regarding Mark that bought days ago then sold them at a large loss today I believe the error there was buying without looking at the market and financials. Sentiment has been low and driving this lower for a while, and also as placing is almost certain imo. Same as may and June in previous years. I'd say at least 5 million maybe more within 4-8 weeks.
As has been said on here many are likely on sidelines awaiting that to conclude before buying in, myself included.
It may be that something happens to lift the price up before then, i may not get the bottom but I'm willing to wait as I'd rather have confirmation of a shift in momentum from the market, or a placing confirmed before I buy in. I personally believe the latter and a lower price here short term.
Im not a huge fan of JD but I personally don't think it's corruption by BIDS although they've not helped themselves.
Now others like TW jumping on that sentiment.
I actually think this is a great buy now to be fair, but I'm not going to jump in as per what I've said above.
Just for the tech and the relationships and progress to date is worth this market cap imo.
I wouldn't throw the house in but I think the gains could be huge if successful.
Lastly, I'd be pretty confident that after any placing during the proceeding year the price will spike up nicely again and could easily earn several hundred percent.
Wouldn't be a bad plan to buy double the intended final position after placing, then sell half on upward momentum and get capital back and retain your intended position (or dare I say even sell make a profit and capital back from selling the extra half).
Shares like BIDS require that require capital from the markets always require a little extra finesse IMO.
Anyway, ATB gla and just sharing a view is all
KR
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