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thanks for your kind observations harchris but seeing other pharma stocks performance todate, buy at 12p with the mindset that you can either gain 20-30% with deals/fantastic news or risk losing 50-60% even 70% with heavily discounted placing which is the only viable option for microcaps these days as nobody is ready to lend them any money, avct stx and most recently polx comes to my mind. i was a hardcore fan of polx, lost a fortune, sold out in tranches, warned others, got abusive replies, sp fell on the floor and bloody ceo bought shares first time at 1p! nobody came to buy the company even for £10m even though we were told the tech was brilliant and will revolutionise the industry, either phillips or nukem or bracco will buy it but nothing happened! it’s all bull****!
nothing is impossible in aim and bods previous experiences shouldn’t make any investment rosier for anybody as they use those credentials to justify their actions, raises etc only to crucify retail investors repeatedly so be careful, just my honest opinion.
trade if you can risk the money and time the market otherwise think twice
gl
“The market is seeing many stocks breaking out and some are moving upwards even on no news, which is certainly a change in the last few weeks.
One stock that has not moved in recent weeks is Audioboom (BOOM). This is a podcast distribution company that is now trading from its strongest ever position.“
https://www.investorschronicle.co.uk/ideas/2024/06/05/how-sound-a-stock-is-audioboom/
Only 16.38m share in issue and sellers/traders can't keep selling forever and at some point they will stop. The entire sector is bouncing back so a rising tide will float all boats sooner or later.
GLA
Some clever traders are range trading it at the moment but it all might change in a flash since the ad spend are increasing across the board and with elections upcoming, boom might finally start booming again.
Https://deadline.com/2024/05/podx-platform-media-deal-eight-figures-podcasts-1235923980/
Https://twitter.com/TheRoaringKitty/status/1789807772542067105
Get this bloke to tweet about Audioboom 😂
Big elections are coming up in US and Europe so companies like audio boom will have an extremely busy time with advertising, podcasts etc. Not in yet but can feel the sentiments changing.
Https://www.cnbc.com/2024/04/27/digital-ad-market-on-mend-as-meta-alphabet-snap-show-faster-growth-.html#:~:text=Advertising%20is%20so%20back.,again%20at%20a%20healthy%20clip.
Riz29
Don’t forget they lied about becoming cash flow positive by H2 2024 before, repeatedly and then did the placings. It feels like the same tactic to boost up the share price with pumping and do the placing like JAllis warned.
Bloody hell! What a research 🧐 JAllis 👏 well done 👍🏼
It answers why there were so many big sells in the past few months. Private investors were buying yesterday considering STX’s cash level against their market cap but nobody probably dug this deep to reveal the truth behind the scene.
Thanks
Amazon reported 24% growth in its advertising business on Tuesday.
It’s become a major revenue and profit driver for Amazon and a key player in the overall digital ad market.
https://www.cnbc.com/2024/04/30/amazons-advertising-revenue-jumps-24percent-in-first-quarter.html