By The Closet Chartist | Friday 14 February 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.
To say that the share price of BlinkX (BLNX) has been on something of a roller coaster ride is British understatement at its best. What has happened here is also a timely reminder that penny stocks can often turn on a dime. Hysteria prompted by a certain infamous blogger regarding the company, caused the stock to plunge to plunge to 85p - effectively halving the market cap overnight.
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