I closed my short shortly after the open. Surprised we didn't drop below $7. My next buy target is $8.50. I need to see one more day of >5m volume and I am in.
The shorters may be covering, but will check shortman tomorrow for confirmation. If so, I am in. I suspect positive product launch news is imminent.
The future looks rosier, but H1 was abysmal. The handing of SAMR and product launches have been sub par. Good to see marketing being ramped up in H2 and the use of Rachael Finch. We need people that we can relate to that embody the essence of the Bellamys brand.
Good luck to all. Today was a good sign for the longs.
BAL Price at posting:
$8.09 Sentiment: None Disclosure: Not Held
