I asked a savy investor to check out blinkx and let me know what he thinks of it and here is his reply..
I did a brief check on blinkx plc(BLNKF)and it looks like an interesting play... probably sure to get bought up by someone along the way. If they can do everything that comes up on search engines about blinkx, it has some interesting features sure to appeal to the younger video generation... whether it can best youtube might be a problem.
From the pure fast look at the numbers available on Scottrade, it looks like it has been public about two years and falling in price slowly most of that time... recently bottoming at about .30/share. The stock looks to be erratic in trading volume & might be illiquid IF YOU HAD a "must sell" situation. Sometimes volume is 100K+, other times only about 20K, and some days no volume at all. As a PINKIE that kind of volume leaves you at the mercy of the market makers unless there is a run by momo players that happens that you can sell into.
If you had cash you wanted to "park" in some shares without any time table expecting it to perform, it might be a good "long term hold" for PPS gain on a buyout play... and I did not search thoroughly for recent news so there might be something happening that would indicate more interest/movement in the short term if there is something big happening now. However, a google search of "news" for blinkx seems to have NO 2008 entries and some 2007 entries from mid-year.
That is my quick take on it from what I have been able to discover so far... hope it helps.
regards,
grant
AI
