Thinking along the same lines.Theres a bit of flighty money in...

Thinking along the same lines.

Theres a bit of flighty money in BIT thats likley quite sensitive generally. GSK / GILD had quite moderate moves overnight.

This segment of pharma however must be relatively inelastic. I've been looking at BIT thinking how uncorrelated it will be with demonstrable progress, (obviously ridiculously so with stand out results)....even with a hawkish bias.

Your point re it coming off a low base is spot on too.

Irrelevant to most who are just trading, not quite a defensive or defence stock (yet lol)... but interesting point

Short term I gather this is not just about momentum but also speculation as to pricing of a potential CR and positioning around same.

If they get results in first, something that shows ST upside...BIT is going to be driving inflation more than QE ever did

Humour.. but there is potential for a big price pivot here

DYOR