I posted a while back asking why people downramp and proposed it’s because they’ve been burned by the stock and are now venting their bitterness. One reply suggested it’s because they’re shorting the stock and trying to get others on board the downward push. I doubt this.
Most people would agree that share price is dictated by insiders and big players who buy and sell in very large amounts. Short sellers are in this category. It seems unlikely that anyone on this forum is such a player.
I can see how the share price would be influenced by a broker note as they still – remarkably – command a large following for their dubious guidance. But I can’t see how the share price is going to be influenced at all by ramping in either direction by anonymous posters on a community forum.
My general view is that the positive people on this page are being supportive and helpful (at least on the psychological level), and that’s what a community forum should be about. They also have more credible evidence to support their position. The negative people are just trying to present themselves like characters from The Big Short. I can’t see how their ranting (err, commentary) has any real effect.
BAL Price at posting:
$9.07 Sentiment: Hold Disclosure: Held
