BTA biota holdings limited

dead duck, page-8

  1. 3,045 Posts.
    Looked like heading lower today trading at 65c but came back on low volume. Looks like all those who wanted to sell have sold. But I have to look at the wider market, and once the buyback closes I just cannot see the stock moving higher on no news.

    Even with good news, why will BTA move? The market has become less liquid and more conservative. The desire for risky stocks has dropped.

    Still looking for a lower trading range. I'm hoping it can hold 70c even though it closed at 69c again. The 40-60c range will in my opinion become the low point. I just don't see it falling below 40c given the balance sheet and pipeline even in this terrible market.

    Any thoughts?
 
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