Another day,another dollar.
Last night wasn't any better on the overseas market front - Expecting another turbulent day here on the ASX but can BOT buck the trend two days in a row?
Sellers are thinning out and rightly so, BOT is about to start printing money and people are realising that todays 0.40 is tomorrow's 0.50 and are holding tight.
Shorts are dropping again, below was was 03/09 and are likely at 0 now considering that day we had yesterday. I think the demand at 0.405 - 0.415 ate up any short selling that has been occuring.
Word is getting out and I think even the nay sayers are now considering or have already jumped onto the BOT train. Great to see some exposure for BOT on the reddit forums, and congrats to this guy - Who's up a bag - guy doesn't know it yet, but he'll be celebrating 2x, 3x ,4x soon - Just how long can he hodl though?
BOT sitting pretty on the technical front too.
For those who are researching BOT and have found themselves here from a mate talking about BOT, a post of Reddit or from where ever - Here is summary from valuetech com au which covers at a high level the last 8 years.
Things to come: IMO.
1. South Korea / Ecclock approval - Was lodged on September 27th 2023 and is expected to be announced any minute now
2. Webinar - most are hoping a confirmation of pricing/insurer details
3. Confirmation of sales Jan/Feb
4. Announcement that 1503 will begin phase 3 study OR 1801 beggining phase 2b
5. Entering into the ASX 300 - would love this to occur sooner rather than later - but its coming.
This states that there are two analysts one with a price forcast of 0.65 - Not sure if i've missed this but any one with info on this update, please post as I cannot find anything.
I think we're about to break out into the mid 40s and I would not be suprised to see this at 0.46 this week. I hope that is the case.
Good luck to everyone today, don't get caught out trying to trade what should be a longer term hold/trade.
(20min delay)