of the share buying and selling is in plain language. Looking at the SP movement of BGO even a blind, deaf, or dumb kid will be able to sense that its on a roll. GLA
motoring on again. Took some profits yesterday, but left plenty in the pot for more gains as it runs up to 300p and beyond...quote from Simon Thompson's update "Furthermore, following the announcement of the Amazon deal, other online international retailers who want to tap into the huge Japanese retail market have been in contact with Bango with a view to using its mobile payment platform."
Appears to have come back after having briefly crossed the 200 dma. Looks oversold on the RSI chart.
Given a good write up by the IC magazine today.
On the cards for a rebound.
Still the possibility of a takeover target in a market that's consolidating
down through the 25 mda, may find support at 50 dma of about 66p. It will become a much more attractive buy if it maintains the downward momentum. Its a good company, but that won't stop the share price going up and down until there's some real positive news on cash flow.
wait until the share price has dropped some more before buying back in. If you look at the RSI, TRIX, and %R curves there's a definite trend down, which hasn't played out yet. There's plenty of jam to come, but I don't think its in the next couple of weeks.
I'd like to say that those buys are mine, but unfortunately I don't have that sort of money. Would it be institutions, as there have been other big buys in the recent past. Building a big stake prior to takeover??
Its a bit overbought, with the RSI just passing 70 earlier on. Suspect the share price may go up tomorrow, but take a breather next week or drop some, before moving up again.......(who knows!!)
the I.C. suggest that 200p was the target and then stated that 300p appeared to be a reasonable new position after the last good news, so maybe its just a blip on the way there...
some profits at 270p (unusually good timing for me!!), but held the bulk of these shares as the 300p target is a good possibility over the next few months either through growth or takeover target.