How reliable are your sources?
If said rumors are true I am surprised we haven't seen more upward movement.
More than happy to hold given the new BoD and Gatemore's backing. Current SP is miles off peer value!
Looks like the MMs are having some fun triggering stop losses while letting in a few bigger buyers.
Hopefully it will teach a few PIs to not set stop losses within such close range of the existing SP. Easy pickings.
In that case: Dont let it worry you Poleaxe.
Everyone has their own reasons for investing in DX. The company is undergoing somewhat of a transformation after a period of poor performance vs peer companies. Given the input from Gatemore and the changes made at board level DX will come good and deliver a fair return to investors imho.
Last weeks contract RNS was a polite reminder that the DX team are out there in the real world pulling in new business and have every intention of delivering some solid numbers on the balance sheet.
Even the most rampant of de-rampers cant suggest DX is really worth 8p. With a bit of positive sentiment it could easily head back to 20p and beyond provided the results show some positive growth.
MM's having another bonanza on the stop losses today. Same pattern that was followed by a holdings RNS less than 2 weeks ago. I wonder if Canaccord are taking a few more while the price is so low.
Happy to see us finish the day 20% up.
As is always the case on a big rise the day traders will have been in and out. MM's will no doubt be happy to also absorb shares if there is further positive news in the pipeline.
A great opportunity for many to get in at a low price and potential double up in the coming weeks.
That sounds much better :)
Debts settled, contracts signed, money inbound, support of major shareholder (Gatemore). Risk is pretty low and potential to more than double current SP.
Ladies and Gentlemen - Let me introduce you to the DX resident master of misery.
H-hi got caught out above 20p and now kicks off every time anyone else makes any money.
H-hi. Chill out and enjoy the rise. You will get your money back. Unfortunately for you a few people will make a few quid in the mean time. As a thought, why not average down?
Slowed down a little while the mm's play catch up and early buyers sell. Still plenty of scope for this to carry on upwards. Well done to those that got in early around 8p as it moved up very quickly.
I know it's rubbish but if 1 code means "RNS logged" is a 2 "we don't have a clue what news is due" :)
On a serious note. Seriously cheap entry point! I wonder if IIs will continue to fill up.