RE:RE:RE:RE:Bought more today No problem at all. I didn't take it as a dig and should have given my reasoning when I put that number out there.
Some other reasons to be bullish in my opinion:
- Low float and loyal shareholding - when this goes it will be like prying ice cream out of my kids' hands to extract shares hence why it has been held down for accumulation by the bigs
- It's shown us double the current SP. When a stock shows you 50% higher than this and then retraces and then news continues to compound a positive story then you have a right to get excited
- Their partners are legit. Those companies don't just partner with anyone. I run a boutique firm, we have to be the best or the big companies won't sniff us because of the old 'you'll never get fired for hiring IBM' routine. They are partnered up with the undisputed leaders in the space
- Big Data will have its day - we are in the market meltup where industries that retail traders understand are getting major traction:
- Weed - oh, i smoke that
- Bitcoin - oh, i've heard of that and i like the dog one, it's funny
- WSB and GME, AMC etc - I miss gamestop, i used to buy video games there, I miss going to the movies etc
People think stocks just move up 50% overnight for no reason and when they don't they get bored and move on - this isn't a sexy industry but institutions understand it and they buy it and they're buying this.
And so on. This is all distracting from the narrative that was building before all of this nonsense which was how do companies transform themselves to serve people in a cost effective, real time, digitally oriented manner.
I'll keep adding as long as we are down here and likely well beyond that as the roadmap gets ever clearer. I'd like to own 1% of the free float which would mean doubling my position from here.
Hope helpful and all the best!
Hugh