Techinvest Newsletter: blinkx
(BLNX; AIM, Tech Software and Services)
The shares hit a high of 75.75p during the month, a more than sixfold rise from the low set as recently as May 7. Nervous profit-taking then set in following news that non-exec Director Mike Lynch, who is also Chief Executive of Autonomy, out of which blinkx was spun three years ago, had sold 750,000 shares. However, this represented only 3.1% of Dr. Lynch’s holding.
We think the shares still have a long way to go. Consider adding on further dips.