Member Info for optimist59

I think where we all got it wrong including me is not realising that the launch was factored into the 18p share price. Take that out of the equation and everything has gone to plan. Occulus launches, the app launches, melody put out a placing to finance expansion, the share dips as you would expect and now the party starts. But it starts at 16.5p and not 25p as I thought. It could have been worse, it could have started at 8p, please no not 8p again. PS I am fine Oracle, hope you are too.

Here's the explanation applying tech analyses. Typically a share will shoot up on news then retrace because there is always an over reaction. Then it comes back by about a third and consolidates. Throw in a placing in to the mix and may be an option or two excercised and retracement is a forgone conclusion. What happens now depends on performance. When money starts coming in the SP goes up slowly. When a lot of money starts coming in the share price goes up quickly. I am willing to bet there will be more revenue in July than in June and will increase in each succesive month. More headsets-more customers-more more concerts-more customers-more headsets.............. All in my opinion of course.

You can launch a dead cat into the air but if it doesn't meow what good is it to anyone. I think the big institutions are waiting to see what happens before they pile more money in and why wouldn't they. They are waiting to see evidence of revenue or projected revenue. If the cat is alive it will meow. Good news for those able to top up right now.

Forgot one - buys registered as sells.

So what caused the drop. Who knows ? Possibilities - The recent placing, Sony's 14p options, director's 8p options, any outstanding warrants, price manipulation, automatic sell orders set to high, fake news and last of all blind panic by new investors. Nothing has changed other than launch

Found this searching on the Evening standard site. (old news) http://www.standard.co.uk/search/site/evr