A sea of red in the futures. No announcement on a product launch. Management know where this is heading.
Watch for a tumultuous week should the futures trend continue. As each week passes we can head for an inevitable poor HY result with no SAMR or blue skies in sight.
The trend is your friend. It is easy when you follow it. The lack of fight against the fall signals the power of shorts and the pain they inflict to unsuspecting buyers.
Fundamentally we are flawed, hence don't trust upward movements without significant volume.
BAL Price at posting:
$9.07 Sentiment: Sell Disclosure: Held
