Got to agree with you this time. US market is starting to look more like like it's not going to correct much after all. That should allow us to rally better on any good news. Overall average download ranking for March is below Feb so I expect consumer purchases in March to be lower than Feb. However, I am seeing positive trends in app down load rankings suggesting consumer purchases of the watches are increasing through March off the late Feb/early March lows. The slide through Feb should have been expected as it follows sales peaks during Christmas and the back to school period which also had a discount on the watches through January. These stabilising/increasing rankings through March reflect purchases in Aus (top chart) and NZ (bottom chart) and have nothing to do with the upcoming UK launch.
MWR Price at posting:
$3.30 Sentiment: Buy Disclosure: Held
