As lots of people seem to be panicking about the current SP, I...

As lots of people seem to be panicking about the current SP, I thought I'd share a chart of another Biotech currently awaiting FDA approval. They are due to hear around the 9th, so potentially 2 weeks ahead of BOT.

Now, I'm not looking at MCAP, I'm not looking at pipelines, I'm not looking at anything other than the price action of the chart.

They've had a steady growth in SP since March and thing started to look a bit sick in Mid August, however in the space of 6 days, the chart looks decidedly rosy.



I'm not saying that the same will occur with BOT.

What I am saying is be prepared for volatility.

There are many in profit over the past six months. Expect them to continue to lock in profits.

There are many stale holders with big holdings getting very sweaty after just reaching break even.

We are up to 14 trading days away from news. A lifetime in the markets!

BOT chart show still in the channel (just) but work to do this week.

I'm going on holiday and radio silence, so good luck to all holders.