Disclosure: I own shares in one or more of the stocks mentioned. 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.

Atlas Developments - worth a gamble at 0.6p?

By Ben Turney

12 November 2015 04:30

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Over the last few days I took a gamble that Atlas Developments (ADSS) is going to deliver some positive news before the end of the month. This is a punt on a stock which is widely loathed and as Gary Newman would have us believe is meant to be a “massive bargepole stock, with dilution coming”. I agree with a lot of what Gary has to say about Atlas, but I think he has overlooked the possibility the company could release a surprise RNS before the end of the month. Here’s why.

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Comments

DUCK AND DIVE

12 November 2015, 04:53

In the good old days when good news was worth a bob or two, you might have been right, Ben.

But these days, good news on AIM – especially in the oil, precious metals, commodities sectors – is met with blank stares from zombified PIs and often no SP rise at all, or worse.
Ben Turney

12 November 2015, 05:14

@Duck and Dive – Possibly, but look what happened with AFPO and MSMN recently. We are seeing spikey responses to promises of jam tomorrow. What I like about this trade is if I am wrong, I have a strict timeframe within which to escape
wildrides

12 November 2015, 05:44

Blimey Ben ………………. seems to me that since you joined SP you have gone from extremely well researched deals on gold and the like to cleaning the pavements of AIM of all the turds , hoovering them up as fast as possible in the faint hope of a bagger . This to me says much more about the stagnant markets at present than your ability to spot opportunities . Gold being as depressed as it is , The FTSE stagnated and displaying the ever more tenuous “joined at the hip “ approach to the American index .With little expected growth in decent stocks . We are left grubbing around in the bottom of the dustbin that is AIM looking ever more like a pair of vagrants in search of a last meal . Where will it all end I ask myself ? Shit is shit and I am finding it increasingly difficult to force myself into new trades these dark days . Toms the only one who seems to be creaming it at present with OPTI . I bailed at 40p as the missus demanded a new car …. doowah . Even that is looking a bad call now . Toms crowing is going to be unbearable on this one . I think I might just hide under a rock for six months or so !
VINES

12 November 2015, 06:31

with pre placing ramps your supposed to CFD the secondary market buy the placing stock and arb the difference. buying in the secondary market before placement without arbing is a dumbo strategy
Ben Turney

12 November 2015, 08:43

@wildrides – there seems to be a generally depressed mood this Christmas.

@vines – “you’re”