By Tom Winnifrith | Wednesday 16 April 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When a stock is “hot” it can announce news of no import whatsoever and its shares zoom. When the “believers” start to ask about the Emperor’s new clothes in detail, when faith clashes with uncomfortable reality the reaction to such PR fluffery is negative. Blinkx (BLNX) is now in that phase as it refuses to deal with the fireworks delivered by Ben Edelman on April 5 at the UK Investor Show.
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