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I think we'll see a sharp jump up to 3.50 - then a sharp fall as people skim profits for the first hour or 2, then float around to 3.50-3.70 before the usual sell off come 4pm... I'm thinking 3.50ish close. THEN THE AMERICANS TAKE OVER THE WATCH AND PUSH US UP TO $5.50! :D
100% for me!
I did have a kind of 'diversified' portfolio, but just sold up and ploughed everything in here. It's not a large amount of money by any means and this is probably the only stock I'm ever going to see behave like this.
I made the mistake of closing my position yesterday just in case anything bad happened overnight, not thinking about the US market.. only to try and buy back in first thing this morning @ £2.79. Managed to average down to 2.73 so it's been a nervy day!! My hands are literally shaking from lack of sleep and too much caffeine :O
https://www.techradar.com/news/you-can-now-pay-with-bitcoin-on-your-iphone
be careful... I smell a trap
When I was scouring the RNS this morning - I came across this company. The RNS looked very very promising, so I bought in at 3.8. Just to watch an anti-climactic response from the market. I was expecting a +25% increase based on projected revenue vs MCap. What gives? Is someone sitting in the background with a huge off-book order that needs filling? (Hence the strange price movements)
The other thing to remember that has just occurred to me - with the owners of OBC being the owners of ADVFN - they might even give extra airtime to promoting OBC on that site. Basically free advertising to a whole hoard of PI's :D
Well that's reassuring to hear. Ok then, so for me - it was a combination of things that persuaded me to buy. 1) it has a good number of Institutional Investors (if they think it's worth a punt then it probably is). 2) The director's are large stakeholders and have a vested interest to ensure that the company does well. 3) The director's are the founder's of ADVFN, so I'm assuming they have in-depth knowledge of stock markets/trends etc. 4) £6m market cap means I'm basically getting in at ground level, it is a speculative investment - but I think with such a small mcap - even the slightest bit of good news will send the SP rocketing. 5) Blockchain is obviously very popular right now and this company has the potential to make real moves in the South American market (as well as others potentially). That's what convinced me...