I am sure we would all love 10 bucks. Except SMXtimes50folds who...

I am sure we would all love 10 bucks.

Except SMXtimes50folds who must be gunning for $25+ bucks!

I am expecting we will exceed the intra-day high of 76 cents (which occurred shortly after the IPO) in the week ahead.

From there, another strong announcement and it is truly blue sky territory.

I feel that the selling of Wed and Thu was no more than short term investors who were riding the rally from the beginning of the week and then had to pay and settle their trades on a T+2 basis. It was expected after the price action on Mon/Tue.

Some short term traders / investors would have missed the highs from Tuesday and then folded on Wed/Thu when the rally ran out of fizz a little. They probably still made money because at the end of last week we were at just 35c.

BASF announcement is truly exciting. For them to be talking to SMX says it all, they already know this tech works, they will now just be exploring how to operationalise and get themselves a good price for the tech, which SMX are also happy with. If this turns out to the first commercialisation client, we are golden.

Today's buying was strong and steady. A little bit of gamesmanship into the close with some offers at 56-58c but it still closed up 19% at 59.5c and the offer side still stands at 62c. I think we will open higher than this on Monday morning, the move to 70c should be quick as there is no liquidity in the offers in the sixties.

The lack of free float on this stock is what makes it so exciting. The IPO investors are not giving up their shares any time soon, they know where this is going. That means if you want to be on this train, you need to pay up for a ticket.

Sometimes holding and doing nothing is the hardest thing, but it is the right thing to do here. Patience will be rewarded very well. I will be grabbing all I can in the sixty cent range.