What a bullshit day this was! I watched BAL drop 7%. Yesterday before the results were even out, it was up 8%. At the close today it was back up 7%! That's a 14% jump from the low this mornIng.
The results were good. 42 million profit, compared to a loss last year which pushed the price to almost $23. Once they get approval in China there is no doubt sales and profit will be higher than 10%.
I read some of the earlier posts of selling out. No wonder the market dropped early. Everyone is like a herd of sheep. What happened to hold and wait? Rather than fold and cry. I checked how many buyers and it was double the sellers!
