RE: John Koronaios4 Aug 2021 09:52
Gridz, I agree with you the history of bidstack leaves a lot to be desired. I got caught out in the initial hype - bought in at 34p, sold at 25p. Lost £6k. Learnt a lot. And since then, turned my remaining £8k into £6 figures (a lot more) trading in 2 years. So you could argue that that first loss on bidstack was my best ever trade. Anyway, I digress. The point you made about sentiment being at an all time low is interesting. And it’s right. But to me this presents a great buying opportunity. Not only will it be hard for sentiment to drop much lower, thus limiting potential downside, but it won’t take much to build back some of the hype and momentum that got us to those heady heights in the first place. Now, of course this relies on bids actually delivering results, which, if you are a glass half empty kinda guy, you’d be understandably wary, as in the past the bod have continually over promised and under delivered, however, and here’s my investment hypothesis, what if, all that time before it was just immaturity. JD didn’t have a clue what he was doing, just naive and excitable. But now he’s learnt his lessons, he’s got a good team around him, he’s been operating for several years and he’s got 2 years worth of cash. So if it’s going to work, it’s going to work now. Combined with sentiment being on the floor, for me that makes this a good buy where upside potential (maybe 3-5 bags) outweighs downside (maybe 50% tops if we slide to 1p). No one knows the answer but all we can do is make our best estimate of upside v downside risk. And until the landscape changes for better or worse, I think BIDs is a winner!
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