weird price action. Stock grossly oversold but looks more and more to still be under the control of a large Algorithmic trader ,or traders. The pattern here is very odd, devoid of fear/ greed and very much machine controlled. This cannot last for ever though.
Bring on the bear squeeze and institutional interest.. Stock still down 55 per cent on a crazy blog. Still totally insane but hopefully reality setting in after a month of chaos in blinkx.
I would look for the Ukraine to calm down (Russia cannot handle tanking rouble and potential run on their banks ) and finally reality coming back to blinkx. I am hoping for good newsflow now and potential bear squeeze. Edelman blog is now yesterdays story so now time for blinkx to move on.
A very frustrating week. This is a crazy situation, next week 80p or 1.20 ? . Failure to bounce and shake off Edelman /bear factor is incredible. We have come this far so one has to be patient, fingers crossed.
My word this share is so frustrating. There was me looking for 1.40 this week. At 1.145 two days ago there was a chance. Unbelieveably weird situation.
What is a most respected investment bank Smidgeon? . Do you respect them?
What idiot with quarter of a brain could short blinkx at 1.10 ? . Seriously.
We all want the quick bounce , after the quick collapse, but patience required. The stock has fallen some 50 per cent on a third party blog- Incredible beyond belief. Stabilising and on the way back up. Patience required unless there is a great announcement.
The oil is there. Just the politics. Reminds me of rockhopper. Mind you that was on British territory.