Another day in the red for BIG, not too concerned as the SP will react to the massive year that lies ahead. Personally been in BIG for a while and this action reminds me of the time when the SP hit a high of $1.80 then retraced back to $1.35 (25% retrace), before going onto to breakout during mid September, and I'm sure many got in then and are pleased on the returns they made. Now that this pattern has formed again when the SP hit a high of $4.78, and has since retraced since then, you see many Shareholder's selling out of panic, dragging down the SP back to mid $3.
Many rational Shareholders know the potential this company has, particularly in the next year continuing US Expansion, to at this point isn't reflected in the current SP. Just wait till the next run up and you'll see that holding this stock is a sure way to make returns. IMHO BIG could hit $10.00 by mid way through next year, if they are able to continue their efforts in the US Expansion, and succeed in their plans to create their Application (Pillar 3). The CEO and his management has proven already their ability to execute on deals and generate a continuing increase of revenue streams over the course of this year.
Personally, I just choose to think BIG
BIG Price at posting:
$3.55 Sentiment: Buy Disclosure: Held
