BTA biota holdings limited

falling share price, page-5

  1. 19,440 Posts.
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    The rampant insider trading on the ASX (courtesy ASIC) does not give me much confidence that we aren't about to get a nasty surprise given the chart, esp as BTA has easily breached the 195-200 support zone.

    But I can only act on information at hand (unlike the professionals), hence I have purchased at 192 and have another bid at 190.

    I am gambling on it being driven down purposefully for accumulation and to trigger stops because I think the sell side has been looking a little suss in recent days. too many orders just out of reach.

    If a nasty surprise comes along, I may well dump these shares below 170 for a spectacular loss into Shylock's possible waiting hands.

    Sadly no bosom of plenty on the chart this time.


 
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