An investment note from Naked Trader.

I bought a few of a new issue called MoPowered (MPOW) at 97. Bit risky these new issues and buying the idea of this one rather than any money they really made yet.

Probably one of those that will either be worth double or half this year. I like the idea behind MoPowered, ensuring commercial websites are compatible and work well with mobiles.

Given more and more spending is done on mobiles it surely seems like one that could succeed. However it is definitely risky so small stakes only for me for now. Or until there are firm profits coming through.

On Monday this week it said it had added 27 new clients in a couple of months, more than expected. If it keeps winning clients and can turn that into profit streams shares could have a good year. However of course one negative statement would send it tumbling, it is a risky one.

Hmmmmm......I'm not a holder and never have been, but 'well done' might be a bit hollow if holders have been in for a while. I can't see anyone buying in recently as the news gets worse every RNS, but maybe I'm wrong!