RE: RE: Alpha TradingI have no idea who is selling here. If institutions are dumping, we are in real trouble as they are all dumping at a serious loss. Last bought deal was at 0.40. The news the last few few weeks has been bad, but not this bad...problem is the chart is so horrendous you need some serious brass balls to step in here and buy.
Either this selling is completely unjustified and we are back up at 0.50-0.60 within 3 months due to some positive Balay news, or it is indicative of the market has lost all faith in management and/or Balay is testing poorly. Price action indicates you are gambling now.
As far as Eric Nuttal, I'm done listening to his opinions. I have bought a few of this recommendations in the past based on what sounds like solid reasoning, only to see them crash and burn thereafter. He is a classic pump and dump. If he still holds, watch PTA be his top pick next time on BNN so he can run it back up and cash out. In his defense, I do my own DD and it all checked out.