Thoughts on BAL's movement this week, page-12

BAL has been on a downtrend ever since it peaked at the end of last year. I'm surprised people are actually buying now that it is clearly in a downtrend. It has become quite the whipping boy.

That's why I've been buying A2M recently with new capital - it has been trading in a tight range bar a few bounce days due to announcements. BAL will bottom out low 10s, high 9s and then things will stabilise once people realise it has been over sold. If it hits the 9s, I'm dumping all A2M and going overweight in BAL. Remember that the market always overshoots in both directions - overbought and oversold. BAL will see both in the space of a few months.