Nobody is arguing that fitness is a growing market, it's just a matter of whether a small player like fitbug can take enough share against bigger players who have way more marketing muscle. Sure it's great to get into Walmart but that doesn't guarantee enough sales to justify massive profits.
Well let's hope that buyer knows what they are doing going in with that size of trade. I'm not feeling positive about the stock but considering I bought at 6.2 I'm happy to be proven wrong...
Sure "if" there's more good news. But you could say that about any stock. There's no reason (sadly) to think there will be more big news like the Sainsbury/Walmart deal. After all the RNS said "we don't know why the SP is so high".
True, but people looking at these late orders and making assumptions off it could as well be checking their tea leaves (and that's using tea-bags).
A couple of speculative buys (no matter the size) doesn't prove anything and also will have no effect on the overall SP.
Closing at 5.50, where do you see the UP? Down 11% today, most likely much the same tomorrow as the price rights itself.
Reckon that iii article I just posted could be the reason for the current rise, just hit 6.8 for first time in a while
I think the pure fact Diver as someone who IS interested in fitness and ISN'T investing makes his points all the more relevant. The stock has had it's run due to the Sainsbury/Walmart news, now unless there's another announcement for other stores this stock has all the value already in.