Interesting price action this morning. A few bids filling up the spread as well as 5 bids up to $2.85 (being filled at $2.75). This is a very tightly held stock and if things get exciting (I'm expecting an announcement soon as per mid-January update in last report) then this thing could get legs fast.
Hey, if GeoFlop can rocket 100% in a week with the terrible metrics it has, who says this thing can't with its huge growth and way bigger revenue numbers???
PPH - PushPay (Church/donor software.)
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14-01-2015, 10:24 AMBFG
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14-01-2015, 10:25 AMBFGYou aren't with ASB are you? They are in the stone age with the NZAX...Quote:
Originally Posted by klid
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14-01-2015, 10:47 AMHarvey SpecterI beleive they have come out the the stone age (now allow internet trading for NZAX) just as the NZAX is about to be disestablished (for NXT).Quote:
Originally Posted by BFG
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14-01-2015, 11:27 AMBFGHaha figures. We're still miles behind the rest of the world in every regard anyways. Got to love monopolies eh?Quote:
Originally Posted by Harvey Specter
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14-01-2015, 11:28 AMBFG
See if we can push above $2.80 (all time high) today. $3.00 up next (psych resistance). Who knows after that...
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14-01-2015, 11:37 AMklidYeah I am and yes they allow it now online (NZAX). I tried to buy at $2.75 and they rejected it, called me and said that I cannot just change the price 10% like that. The "operator" isn't happy.Quote:
Originally Posted by BFG
I was all like ummmm what!!? It had been trading at that level previously until a little $2.50 yesterday, and there is an announcement today, no trading, and all I am trying to do is match the lowest ask.
Tried to put it a bid at $2.65 and rejected; phone call; same thing. I'm then told I can only set it at $2.56. I don't bother because that's just dumb.
Now today $2.75 are gone and I didn't do it. Yeah not very happy. -
14-01-2015, 11:41 AMSchrodingerAny ideas on why the market cap has gone beyond reality and into fantasy land?Quote:
Originally Posted by BFG
The market is pricing in a sure thing. It would be highly risky to buy in at these levels. MC should be around the $10-$25m levels.. -
14-01-2015, 12:04 PMnextbigthingExactly.Quote:
Originally Posted by Schrodinger
The scary thing is it may still go way further. Look at Xero or geoop. -
14-01-2015, 12:41 PMrobbo24Too late in the day for that type of carry on, in my opinion.Quote:
Originally Posted by nextbigthing
This stock is so illiquid anyway... Listed by way of compliance listing - i.e. no capital raised.
Someone's going to have to sell down in order for the shares to get out and about, at this point anyway.
Now, why would any current holders possibly want to sell down? :D
We all know what BFG, snapiti and NBT say about sell-downs by important holders and positions within a company... :D -
14-01-2015, 12:49 PMSchrodingerThis is a great candidate for shorting when the restrictions come off. Any ideas on brokers that allow shorting in NZ?Quote:
Originally Posted by robbo24