Smuglex
Completly agree.
I think however you missed the most important factor on why bal somehow closed higher after being down 8 percent or so
If you just dug a little deeper, you would have seen on the bal postings just after the data was released, Prosperity posted how much money he was going to make because he owned bal short. He predicted the price to fall below 7, then he would make a huge profit.
Prosperity and only prosperity could explain the turnaround as he is the kiss of death for a stock, long or short.
This explanation is the only reasonable explanation for what happened today in my view
bal earnings report, page-30
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$5.53 |
Change
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Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.67 | $5.50 | $12.41M | 2.238M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1076 | $5.50 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 22426 | 2 |
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