ETSY was the star performer overnight in the States. Stock is up...

ETSY was the star performer overnight in the States. Stock is up almost 30 points this week alone. Numerous reports out of America media stating many ecommerce sites could not keep up with the demand. Multiple large websites had a hard time processing check outs as demand just overwhelmed these sites. Early indications are that Black Friday on line sales are up an astounding 30%!!!

Local insto's are still dramatically underestimating the power of on line sales and the positive tailwinds that RBL have going for it. As I have stated previously, either large Aussie instos will figure this one out...or it will simply be too cheap for a large competitor not to scoop up RBL. The number of E commerce stocks in the States that have a multi billion valuation are just too numerous to count. There are plenty of acquirers that could buy RBL in a heart beat. Respectful that RBL has a new CEO....but a change of control would certainly be in his contract. I would much rather prefer a bid when RBL is trading in the high 5"s. No reason RBL should not be at its 52 week like ETSY is..

Good luck to all holders. IMO..this stock goes higher one way or another.ETSY easy to follow on CNBC.COM or Yahoo Finance.