Wow!!! I love the BTE chart! Well, in decades of investment experience, I'm made a fortune investing in catching knifes and holding them to recovery.
This BTE stock is so bloody, it's bleading from its own falling knifes! I see red, bodies everywhere. Complete massacre and carnage here! The blood is so deep, I not only need boots but a boat! This is like hurricane in New Orleans! Everyone is underwater but drowning in their own BTE blood!
This is not knife catching, it's a guillotine catching! I can't recall seeing anything like this.
The only people alive here are the shorts having a party on the decaying bodies. These stockhouse "small cap" boards are funny, maybe a curse for a non-small cap company like BTE? Now, a small cap as of last week?? A stock that went from highs of 42$ just a year ago to one tenth the price today! That is simply incredible! Companies like BTE's IR department really need a social media team here to combat the shorts having a party! The amount of crazy talk here is endless. The 3% short interest is certainly a vocal bunch here and an indicator that this stock might be heading down lower.
If I couldn't read financials and charts, I'd be sure this stock would go down to zero next month. Forget next year, look at the charts! November for sure, if not December. Take a ruler out and it's clear, right? Fortunately I can read financials and love this type of chart heading to zero in a month or two. Because, they don't go to zero!!!
They hit an oversold contition and BTE rates #1 in my analysis of beaten up oil sector buys on the mid-cap range. For a knife catcher, this is a jewel at $4.22 Canadian. This is a company with mid cap fundamentals and sales who are now small cap just because of the beaten up stock price! Love the potential here.
Most traditional investors are dumping BTE, year end tax selling season, index changes etc etc that's clear. Who sold BTE? Everyone! Not a single typicalmutual fund wants to hold BTE for year end (unless they buy now and don't care about perception).
Anyone conventional here should have sold at stop loss of 10$, it's trading at half the stop loss triggers!!
I'm here and ready but these little fingers of mine are all here because I need to see the buyers return before I buy in on these knives (or guillotine in the case of BTE...) Does BTE have a poison pill to fend off hostile takeovers? That's who the buyer will be if they don't have one.
This is on top of my watchlist! This "little small cap" with large cap recovery potential!