If you have been watching Benitec trade for as long as a lot of us here on this board have, you already know the trading pattern of this stock. NR is announced followed by a rally on the ASX, followed by a spike on the NASDAQ and a slow fluctuating down trend throughout the trading session. ASX opens up then ends lower and Nasdaq follows suit the next day and so on. Inevitably we end up retracing back to square one. We have all seen this classic BLT/BNTC pattern play out more than a handful of times.
But allow me to use the four most dangerous words when it comes to investing. I do believe that THIS TIME IS DIFFERENT! It looks like the same trading pattern but the fundamentals of Benitec have changed. I just don't think that the markets have figured that out yet.
I am confident they will... Time will tell.
Good luck to all holders!
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