BIT 0.00% 1.9¢ biotron limited

BIT Charting, page-504

  1. 8,360 Posts.
    lightbulb Created with Sketch. 1170


    I think is important to compare what happened in 2018 on far less news,
    To the fact that news on Three Phase II Trail results are due in the coming weeks.

    BIT gained 23 times it SP,
    In 19 Days.
    Reaching over 44 cents,
    Before Covid 19 was even discovered.

    Not to mention BIT has no spoken of a potential Licensing / Partnership Deal,
    With a Pharma Co. that should push it multiples higher as well.

    What we can see when looking at the Chart comparing the 2018 event to Now,
    Is that Volume has not even begun Yet in comparison.

    So to me as we are looking at a news event,
    it is important to compare it to a previous news event to make a fair comparison.

    Just looking at Daily, Weekly, 3 month, 6 month, Yearly etc,
    Isn't really comparing apples with apples.
    Sure it is fine for Day-trading etc,
    But not very useful for a Long Term Holder.

    Or even for an Investor who is holding for the News.
    Really without including the 2018 event in the chart,
    One would have no Idea of the potential and Historically proven Gains,
    BIT has shown it can make with News.

    The fact that this upcoming news is even better with multiple Phase II Trial results,
    As well as their being  a potential Licensing  / Partnership with a Pharma Co.
    Really should see BIT go many multiples of any previous highs.

    Now weather volume arrives before or after the news,
    Is another thing.
    Though BIT has proven that it can make massive gains in a short time,
    On Volume from a News event.

    Interestingly in 2018 the peak SP was around
    2 Weeks after the news was released....

    One thing is for sure,
    That is being in before that 23x rise in SP,
    Is what would have made the best returns,
    With small swings in SP being insignificant to the gains made
    by those who were holding before the news !!!!
 
watchlist Created with Sketch. Add BIT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.