CATALYST DOSSIER · UPDATED 2026-11-09
$BAK
materials · convergence 7 · conviction WATCH
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Why $BAK?
Quantitative
Forward EPS estimate : $$0.31 (vs $($0.02) last yr YoY)
Market cap : $422,520,160
Convergence score : 7 (11 signals firing YoY)
Catalysts
Multi-spoke convergence : 11 convergent signals fired: earnings, finra_short, sc13d, finra_regsho, auto_macro_adp_payrolls
Risks
Hard-to-borrow / FTD risk : Borrow rate 6.0%, distress score 30
Financial restatement : 1 restatement filing(s); investor confidence risk
Bear case
Squeeze unwind : Short interest can compress before retail catches the move — entry timing critical
Earnings binary : Print-day moves can swing ±15% — gap risk both directions
Sympathy basket (cerebro)
VST via utilities r=+0.97 sympathetic (score 22)
NRG via utilities r=+0.97 sympathetic (score 17)
ACRE via financials r=+0.97 sympathetic (score 27)
NTST via financials r=+0.97 sympathetic (score 25)
MOD via consumer r=+0.97 sympathetic (score 23)
VSA via consumer r=+0.97 sympathetic (score 19)
Signals Firing
earnings finra_short sc13d finra_regsho auto_macro_adp_payrolls auto_macro_banrep_colombia auto_macro_bls_employment auto_macro_durable_goods auto_macro_fx_rates auto_macro_options_gex auto_macro_yield_curve
Pick Track Record Date List Next-day max run Next-day close Hit +2%? 2026-11-04 sec_top_gappers +2.7% -5.4% ✓ hit 2026-11-04 sec_top_moat_emerging +2.7% -5.4% ✓ hit 2026-10-30 sec_top_gappers +1.7% +0.9% — 2026-10-30 sec_top_moat_emerging +1.7% +0.9% — 2026-10-26 sec_top_gappers +30.0% +22.7% ✓ hit 2026-10-26 sec_top_moat_emerging +30.0% +22.7% ✓ hit 2026-10-22 sec_top_gappers +7.5% +6.2% ✓ hit 2026-10-22 sec_top_moat_emerging +7.5% +6.2% ✓ hit 2026-09-28 sec_top_gappers +1.3% -4.7% — 2026-09-28 sec_top_moat_emerging +1.3% -4.7% — 2026-09-25 sec_top_gappers +1.0% -3.2% — 2026-09-25 sec_top_moat_emerging +1.0% -3.2% —
Lifetime: 8/18 wins · hit-rate 44.4% on +2% intraday
Sympathy Basket VST via utilities · score 22 NRG via utilities · score 17 ACRE via financials · score 27 NTST via financials · score 25 MOD via consumer · score 23 VSA via consumer · score 19
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