Im in the same frame of mind as you guys. Smart investors would have cashed up in the last 2 days. They will want to throw their money somewhere. Lithium and gold quite highly priced IMO. Growth stocks that are debt free, have a tight register, and are cash flow positive/profitable are pretty rare to find.
Problem with Big is that it doesnt come up on a stock screener because of its accounting practice of deferred revenue. So investors who are looking for a company like BIG wont find it as we had an accounting loss in the yearly, and we accumulated an accounting debt, which was only a deferred revenue. Silly really. But the half yearly may clear that issue, and additionally if we manage to get into the ASX 300 in March we should find more instos coming on board.
Its obvious someone big was selling in the last month. Based on Accaerics post week ago, Meryl lynch and deutsche bank seemed to be heavy sellers. But we also had a few instos buying including Moelis. All we need is for these guys to run out of stock to sell, then we should see this tight coil spring to life.
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Im in the same frame of mind as you guys. Smart investors would...
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