we can see a strong price bounce from ~72$ i think we might be looking at big bounce next time also many institutional holders got in with big positon im very bulish on BIGC what do you think?
How do you see that institutions got big positions in BIGC recently?
sgstalkeyes
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BigC is a Cloud-based E-commerce enabler and is a US company, unlike Shopify its current behemoth competitor. It was surprising how right after its entry into the market, it jumped 3-fold. Buy and Hold retail investors are looking for a company who can provide large increase in stock price over the years. However, in the short term, professional investors have shorted the company to stop its momentum. The E-commerce market is going to rapidly multiply, and BigC is currently in a sweet spot.
This evening it was announced that more shares are coming in the market that can cause dilution. For retail investors it is best to hold and wait for the next year. The stock should lurch upward during December and January.
mimitruong89
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just have a public offering AH. Might keep dropping for a while TT__TT
MoneyFishing
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@mimitruong89, I think the offering was at $68. $63-$64 was the low since it's IPO. Saw a bounce at $65 couple days ago. Started my position around 67.I think it has some runway to move up to $90-$100.