Look at it another way, BAL SP will also go up a lot with good news (SAMR updates/approval etc). Great shorting when the SP above $20. But not sure that’s the case now, unless you do believe BAL will never get SAMR approval and SP can drop to 2 - 3... chinese gov wants to give local brands advantage by prioritising their SAMR application, which causes delay to many foreign brands. But betting on BAL won’t get approval until 2020/2021 is quite risky IMO.
BAL Price at posting:
$7.49 Sentiment: Hold Disclosure: Held
