Ann: Presentation of BIT225-009 HIV-1 Phase 2 Data, page-885

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Davisite

19,420 Posts.

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18/11/18

17:42

Post #: 36549017
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Originally posted by chris1983 ↑

Davisite you give hotcopper far too much credit. Ppl can ramp and carry on but it doesn’t move the price. Deep pockets can effectively move the price in the short term where this eventually can persuade FOMO buyers but I believe a lot of the buying last week wasn’t your standard hotcopper daytraders. There was heavy accumulation and apart from the Friday evening sell down which I suspect to be from the Twitter and hotcopper daytraders brigade (they don’t like holding over the weekend) the price performed very well.

IMO what will move the price this week is the lead up to the HIV Dart presentation where BIOTRON could present further information on their studies. The exposure to international investors could potentially push the price higher if they like what they see and hear which is why I added more shares last week.

You will just continue to stay on the sidelines no matter what though and post away. I think it helps waste some of the time in your day. Good luck with that. At least your keeping yourself busy.

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I said exactly the same thing higher up in this thread. HC is usually low down on the reasons for a SP moving. HC can move the SP of an illiquid stock, but for a stock with as much volume going through each day as BIT HC is not going to have more than a marginal effect.

BIT Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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