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$13.23 bellamy's australia limited

BAL - Chart, page-920

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godinvestor

121 Posts.

10

27/09/18

18:40

Post #: 35890724
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Originally posted by bensh10 ↑

Watching intraday trade and shorts understandably makes us sick.

But I tend to agree that right now it may be better to have intraday shorts. They wrap up their sh* by the end of the day, so they won't be a problem for the next day (at least in the morning ). The only problem is you think watching stock going up should be a joy. Well, unfortunately with BAL both upward and downward movements are a pain to watch.

Today's trade was very much similar to yesterday. Pump it high, short, buy back low the same the day (a.k.a same-day express sh* wrapping service). I suspect we can see a similar pattern going forward.

If we manage to decisively clear 50 EMA (around $10.70-10.80 range), we can be optimistic to have a ride towards $12. Dream scenario is to hear positive SAMR news when the stock is already pumped.

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No worry, our buyers are ready to fight.

BAL Price at posting: $10.30 Sentiment: Buy Disclosure: Held
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