@hjennings I had been meaning to write this up myself, you have done it beautifully

James Marlay

@hjennings I had been meaning to write this up myself, you have done it beautifully. At the moment in the tech space you could float Enron or Worldcom again (or Twitter) it's so hot..really...there is a company called Spencer SPA which was a shell basically and put in a new company called Bulletproof Networks....the stock has gone from 5c to 33 cents..Fear of Missing Out is rife..FOMO rules!! May be time for cool heads perhaps..a NZ float Geo Op listed yesterday ..raised money at 1.00 now trading at 2.37!!Not sure where it will end but History does repeat itself Here is some background on SPA (VIEW LINK)


About this contributor

James Marlay

James Marlay

Co Founder, Livewire Markets

I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.

Expertise

equities bubble spa cloud

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