Fair point but my biggest losses, other than GTK which I bought at IPO and continued to hold when I should have sold, are all from expert advice on investments
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I seem to recall PLX being on a number of those stock pick lists. About 5 years ago though.
A million $ before midday... I thought we were approaching a Friday pullback but obviously not. Maybe the tech hysteria in the states is helping.
Solid resistance at 1.50.
Not bad for sell off Friday. Was expecting more early 1.40s.
Again, just a few weeks ago this was priced at 0.97. This has been a great journey. I was thinking though, still no sales guidance from the CEO.. haha
PLX have a solid product/solution offering, and a concern with PLX is the extent to which their product is easily scalable, given the level of customisation necessary at an individual customer level (and therefore investment of labour at an individual customer level to sell, design and deploy) - vs Xero/Pushpay as counter-examples who have a SaaS product offering that just scales more easily and investment in the product occurs moreso at a generic product level. Hence, I have my reservations on the PLX SP having a large multiple applied to it - but again, I could be completely incorrect and eating humble pie in future!
Discl: tracking the stock and had some strong interest in acquiring @ ~$1 but did not purchase (unfortunately) and do not hold any currently.