The other stock to fall almost 10% yesterday was BPT, which coincidentally also tumbled -9.9% following its FY21 earnings which disappointingly showed a 37% drop in profits following from a 10% decline in revenue. Oppositely to A2M this is a stock where its increasing number of shorts would have been smiling albeit in this case only a 3.45% exposure. A backdrop of lower production & higher costs means we see nothing to like in BPT fundamentally or technically at this stage, a break of last years painful 92c low feels likely.
MM is short-term bearish BPT
Add To Hit List
