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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.