Safety review of the first patient will be completed this week, but it's all going the wrong way for the share price which is getting smashed and back to a 3 month low. Support is broken and the sellers are stacking resistance 10 cents lower than last week. MD has reversed completely and sub $1 beckons. There is no doubt biotechs are largely out of favour in the ASX. All of mine are in a trough and sitting near mid to long term lows. The fake 93000 bid is pulled and it falls like a stone. This stock is so illiquid stop losses can cause a 10-15% daily fall.
I will never understand how stock likes this can be valued in the billions in the US but here they barely rate 1/20th of this and are just algorithmic cannon fodder.
BLT Price at posting:
$1.06 Sentiment: None Disclosure: Held
