Sorry - I disagree - most of you are wrong on this.
We surely all understand now that (bad) Bots typically buy and sell on the same day in order to force the market to move.
Look at HH's most recent transactions:
3/9 - only BUYS 2/9 - only BUYS 31/8 - only BUYS 30/8 - only BUYS 27/8 - only BUYS 26/8 - only BUYS 25/8 - only BUYS 19/7 - only BUYS 16/7 - only BUYS 12/7 - only BUYS 9/7 - only SELL 16/6 - only SELL
In fact, looking at all transactions listed in the document, there were no days where there were both BUYS and SELLS.
Their most recent significant SELLS were just after the HCV agreement with Boehringer Ingelheim concluded.
They even purchased in the lead-up to the last quarterly royalties.
If nothing else, HH has proven to bolster things.
Bottom line, with that much money tied up in Biota, it is a positive sign that they continue to show this sort of confidence. Also, if they had dropped their holding by 1% rather than increased, it would have certainly had a negative impact on the SP. I'm interested that the 1% increase was not considered market sensitive.
If you want to claim HH as a bot trader, I think you'd have to call them a Good bot.
BTA Price at posting:
90.0¢ Sentiment: LT Buy Disclosure: Held
