Bravada International Ltd (BRAV)

[Jammin1]

I think there are overreactions at the extremes with this stock. Right now we're seeing an overreaction on the negative side, which to me is a time to buy. 14 months ago we saw an overreaction to the positive side, which was a time to sell (I sold some then, but wished I'd sold more!).

Now I'm not in a position to buy any more, but if I were, I'd be confidently buying at these levels.

It's because of the evidence. The evidence clearly says that Q2 traffic has been amazingly positive... a big surprise on the upside. It also said Q1 was horrible. I expected between 490k and 500k after returns, and we got under 410k after returns. So even I was surprised at how low it was, but not by much.

But the same traffic data say that Q2 should be in the 600k-700k range after returns, and if a historically weak quarter can do that, there's definitely hope for the future.