We're back over $4 again so I'm going to use this $5 thread again.
I'm expecting a dip early because it has gone up 20% in a day so I'm thinking some short term traders will sell. After that though I think we'll see some upward movement towards $4.50. I don't see $5 this week though unless we see an announcement about Apple TV. We won't see an upgrade to the guidance given because the announcement today said, The Board remains comfortable with the guidance given and does not anticipate any variation to its previous announcements. This would include a variation up or down in my opinion.
This movement to the downside has formed some strong support levels that were otherwise missing because of the dramatic increase in the share price across this month. I'm comfortable to see this sit within the $4-$5 range for a couple of weeks even if the fundamentals are indicating a higher price. Slow and steady wins the race and let's face it, BIG has been sprinting pretty hard lately.
Very happy with how management handled the dropping SP today, I have not seen this from any other company. That just goes to show how great management are not just at the day to day operations of this business but also the communication with shareholders.
GLTAH and Think ridiculously BIG
BIG Price at posting:
$4.10 Sentiment: Buy Disclosure: Held
