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Baltia Air Lines Inc BLTA
(Total Views: 791)
Posted On: 08/30/2017 12:19:38 PM
Post# of 41414
Posted By: Delta
So I tend to believe that the pressure on the share price is not sell pressure or buy pressure. I think it is escape or rotation pressure. Those scenarios are typically tied to other opportunities or other personal needs. At some point, with news on the horizon, buy pressure should increase... unless what comes out of the audits creates sell pressure. I think that however would be temporary. Because right behind the audits would be the songbird acquisition. The odds that audit negatively is priced in are high. I do not think that songbird is fully baked. Therefore, I am looking for an increase on the buy side. That would give relative strength to the share price. This will be a bigger momentum play over the next few weeks rather than a fundamental play, which I think come at a little later date.

Ultimately the fundamental play will take over and valuation will be more true. Nevertheless,now is the time to take advantage of upcoming events... if for any reason that the anecdotal play is in effect













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