Plan today was to suck in buyers and place the pressure at the end of the day. I hope you wait for results and get in at $6. Then you can see a 50% profit in the next 6 months or so assuming SAMR, otherwise I reckon place a short now. DYOR.
3 business days and we will know the extent of the poor result, the outlook and whether management resignations will follow.
I would not buy this stock if you want to preserve your capital. It is the perfect capital eroder. SAMR is key and we don't have it. DYOR.
BAL Price at posting:
$8.10 Sentiment: Sell Disclosure: Held