I have noticed that BRM often trends against the index, which indicates some fund manager thinks it is a dog, which is not surprising. Financials and resources are also often played against each other, so it is not surprising to see a down day after financials in the US went up the most ever.
There is also a major player out there who is d1cking with BRM, from what I see on the intraday patterns.
My overall opinion is that the avalanche of money about to exit the US because of a declining dollar will find its way to brm, but it may not be before the major player tries to drive the troops out for the 3rd time with another decline(POSSIBLE ==>FOO)
Like I said, I am watching 105 support and am prepared to play their silly game with a proportion of my holding. Maybe they will win, maybe not.
BRM Price at posting:
$1.09 Sentiment: None Disclosure: Held