Its not on the Daily 74.5c is the gap on it. $1 was critical resistance, this could now go to about 64c next resistance. I know the numbers and it does not make sense, but thats what could happen from a technical perspective.
Crazy things can happen in crazy markets like we have today.
From a more positive perspective a good announcement, i.e. $100m cash in the bank (that should be out by now), Lani licence completed with juicy payment, and positive update on Relenza sales could drive the price much higher.
I have sold today, time will tell if I made the right decision, but have to stick with my rules.
BTA Price at posting:
97.0¢ Sentiment: None Disclosure: Not Held