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A nice up day.
Solid volume, solid bar.
Solid volume, solid bar.
Still kicking myself my buy order didn't get filled properly...
Tech entrepreneur Bevan Slattery sure is a shareholder's best friend, particularly at the micro-cap end of the market. His disclosed investments in listed players intelliHr and Pointerra have put a rocket up their valuations. Slattery is best known as the founder of successful internet services businesses Pipe Networks, NextDC, Megaport and Superloop. These days, he's reportedly looking to diversify his ballooning wealth with penny stock bets.
Since HR technology business intelliHR disclosed on August 6 that Slattery would contribute $2.5 million towards a $5.5 million placement at 7.5¢, the company's stock has more than tripled to 23¢. Assuming shareholders approve the deal next month, Slattery is sitting on a $5.17 million paper profit off a $2.5 million investment in just over a couple of weeks.
https://www.afr.com/rear-window/bevan-slattery-s-midas-touch-20200816-p55m74It doesn't end there though. On July 14, previously unremarkable 3D data-mapping business Pointerra revealed Slattery was to invest $2.5 million into the business via a placement of 50 million shares at 5¢ each. On the day of the news Pointerra's stock climbed 72 per cent to 9.3¢ and has since raced higher to last close at 26.5¢. The market-moving entrepreneur has made more than fourfold, or $10.75 million, on his $2.5 million investment already.
Penny stock watchers are wondering what share registers Slattery may end up on next.
Was a good thing I kicked myself yesterday again, because it made me buy yesterday at 3:45pm on 0.275 for another portfolio holding.Still kicking myself my buy order didn't get filled properly... back when... ended up with only 2000 shares.
Today's close saw a final rise of 39%
on a crappy market day.
Probably due for an update...
Took a small long position this morning.
Hoping it doesn't want to fill the gap... tight stop required.
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