I have assessed BAL. It is poorly run and its share price has dropped from $23 to below $7.I expect a shocking H1 report and further 52 week lows, hence shorting is the way. No buyers are rushing to this dog stock.
Down from $7.70 to $7.06 despite an overall positive market over the last 2 days.
Good luck with SAMR, I expect further delays and nothing in FY19.
Originally posted by prosperity
Again you are being emotional, what evidence is there that it is run poorly. What evidence is there that BAL will not get SAMR this year. You are basing your analysis on hope, rather than anything concrete. Market has priced zero growth this year so anything better than that will see a pop. Just the same hope that shorts had that CBEC regulations will be enforced but again this was just postponed. I expect CBEC regulations will be postponed again in March based on the past trend. I think you are expecting significant downside where there is none. You are going on the assumption that the shorters were correct. They were not the last time artificially sending the price soaring to $20 on a massive short covering rally why would they be correct this time, historically they have not been correct on BAL.
