Oh dear. I see I'm being disparaged. So here's the post that...

Oh dear. I see I'm being disparaged.

So here's the post that stopped anyone buying BIT today.

"BIT. That anncmnt that has supposedly set off this run is a pretty random 'significant' result. Just says 'something happened' on a small scale to a small group and they don't know why?

At EoD there has to be something solid in a result to maintain a run. Biotechs do this all the time and then suddenly fall over. That's why we luv em.

'This time it's different'? Haha, take your chances.

Chart says maybe one more day. 6c resistance atm. 7.4c light a candle.

Good to see a runner tho."

Hmmm? Looks like  reasonable comments to me.

Anncmnt was vague and but chart said it could keep going again today.

Says 7.4c was next resist and it opened there over a cent higher than previous close. No recco. Good call.

Had similar complaint when I said CVN was too high and a risk at 70c. "Oilers are spoilers".


Thing is, this is not my wisdom. It's the wisdom of the market - that I have learnt. Any long term trader would take basically similar view.

If you are a maverick genius then great, go off and find a new way.

I'm from the 'this is what usually happens school'.