Nuttal on NYX gaming, and thoughts on institutional moneyIn 2016, I looked into NYX gaming following Nuttal (and other)'s recommedation and started buying around 1.80, and averaged down several times whenever I saw insiders buying. During the same period, I watched him talking about it on BNN several times, the two times in May 2017 and Sept 2017 when he finally started saying don't buy it, were the best times to buy before the company was taken out at 2.40. All in retrospect, of course.
Using stockchase, one can find similar patterns in many stocks that have recovered from lows. The BNN analysts would be constructive when the share price were high, as the share price bottom, their sentiment turns more negative, which then recover with share price. In my opinion, their negative sentiment is precisely what's creating attractive valuations. It is hard to find a bargain that is crowded with institution money.
Based on what he said on BNN today, the sentiment on CJ is pretty negative, which made me believe that it may finally be cheap enough to start a position now as opposed to around $9 when he was promoting it like crazy in 2016. However, there were a few names he was more negative on which indicates to me that the valuations are more attractive.