There are two reasons.
First one is as explained HERE (incidentally in the days after the posting of that piece the stock did rise towards 40p as the chart below shows) and which, in the absence of any material news from Blinkx since the piece was posted, I personally believe that the investment case is now even more compelling. The price has slipped around 10% on wider market woes in recent days and very likely margin selling by levered CFD & spreadbet players – that is opportunity in my book.
The second reason is that a “certain someone” known for taking aggressively negative views against stocks, in particular Quindell just recently, has now re-iterated a Sell recommendation on the stock. The last time the “certain someone” went head to head with me was on QPP just before a near 60% rise in the stock, see HERE! Before that was on GPX.l just before a near trebling in the price, see HERE.
Candy and baby is the word that springs to mind.
CLEAR DISCLOSURE – RICHARD JENNINGS & TITAN FUNDS ARE LONG BOTH BLINKX AND GULFSANDS PETROLEUM.