Kevinchui,It was only one week ago BTA went for a big run....

Kevinchui,
It was only one week ago BTA went for a big run. Whilst there appears to be games in this stock (refer previous post)many traders simply follow the trend. No strong buying as some may have expected today on BTA ASX announcement so they have simply sold down & moved on.
Traders time span is rather short term. Flow of increased royalties will take time to occur which traders are not prepared to wait for.
BTA is better value than it was a week ago based on GSK announcements regarding Relenza but the market doesn't always act in a logical way.
It will be very interesting where the short term bottom occurs, some chartists see the gap between $1 & $1.32 being filled.
Reasons for ownership of BTA should be determined by reason for original purchase i.e. trade versus long term economics.
Regards
Buffett