Jeez, that didn't take long. From 34 buyers now down to 9 and as pointed out sellers coming to play - perhapse a bit late.
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Jeez, that didn't take long. From 34 buyers now down to 9 and as pointed out sellers coming to play - perhapse a bit late.
well done on this one guys! Personally am a bit surprised (albeit less so than before the cornerstone investor was announced)
40c buyers have been fully digested, normally IPO buyers don't want to sell at a loss (on the first day anyway, until later on), and there are people who missed out and will want to buy at the IPO price, so the IPO price has some natural support near the IPO day.
I do however think that the selling pressure will be strong enough to push it below 40c, and as soon as a trade below 40c is registered, there will be plenty of people wanting to get out and thus further add to the selling pressure, let's see if it can close at 38c today
2 hours in and we are at $0.40. May I stop eating my hat now?
Heard Mr Martin on the radio today saying they are a couple of generations ahead of what is publicly known/shown - don't want to give all our secrets away - or something like that I think he said
So what does that mean - fly further/longer/bigger payload???
Disc: Have not bought any and not likely to, just interested to see what happens.
When their nearest competitor is apparently only capable of 30 seconds, then I would argue it isn't commercially sensitive, especially if you are telling people on the radio.
I am an investor, not a stagger/trader so end of day is what is important. (and dont get me wrong, I have bought some companies at IPO that have gone into negative - WYN and the Gentailers spring to mind).
The fact you got them in the pre-IPO round (I think) means you are sitting on a good paper gain at this stage. Its just good to see you being humble about it.
Out of interest, what is your long term plan (serious question). Do you think they have a shot at making it big (ie. you plan to hold long term all going well) or was this only ever about the short term gain (in which case, you have been talking your book quite well).
How us working on version 37.9tai commercially sensitive?
as he is now "founder director" he is probably not the best person to speak on on going operations.Quote:
Mr Martin is more than welcome to make comment on the on-going operations of MJP.
currently at $0.45 so still below the $0.50 they were looking for. Not a bad stag all the same!Quote:
Today's price surge disclosed one thing - you were all wrong. Boo hoo hoo :t_up:
Keep up all the great analysis guys - you're all doing so well with MJP.