BTA biota holdings limited

shorting chart, page-10

  1. 19,428 Posts.
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    Bought a fair few more of these over the last two days due to the attached chart which shows decreased shorting, volumes and a stabilizing price.

    That said BTA is still lagging the market hugely so it may as well still be falling because the pharma index (green) has been going up while BTA has been flat lining, so the huge under performance of the company still continues to this minute, but you have to wonder for how much longer.

    It is apparent that another of managements big failings is a complete inability to attract new investors to build a position, even after a 50% fall, and I suspect most volume is merely an index liquidity provider, hence the bot operator still rules this stock but the parameters appear to have been changed and no longer appear to be negatively leveraged to all ords movements.

    FWIW.

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