RE: Thanks for the unexpected top up15 Jan 2025 08:49
After 8-9 weeks it’s logical that some as taking profits. Stocks generally track the moving averages and perhaps the 10 week MA needs some time to catch up before the next momentum burst.
What is particularly impressive though is that price is holding in a very tight range of 380-420, volume is dropping off (indicating not many sellers) and brief moments of share price weakness are being bought up, showing sustained demand for shares.
Today’s update is very impressive but in my view not for the reasons everyone has gravitated towards. Yes, we’ve locked in 14% higher revenue than at this point last year but have also signed commercial deals.
These commercial deals are what, in my opinion, have the power to transform Audioboom faster than people expect, add diversity to revenue streams and shield us from podcasters jumping ship to other companies in what is a very competitive world to secure podcasting talent.
Bear in mind that the strongest stocks continue to move upwards longer and higher than people expect and in the world of AIM a 50% move in a few months is nothing. We haven’t seen a parabolic run yet that could signal the end of a trend. It’s very common to have multibaggers here and I think that’s what we could be in store for. All in my opinion of course but I keep remembering what the evidence shows - stocks that double, like to double again