Institution...

Institution Alert!

https://www.copyright link/street-talk/merchant-buying-into-biotech-boom-with-250m-fund-20210702-p586f4

Merchant will officially start raising for the fund on August 1, tapping investors in Perth, Sydney and Melbourne. It has already backed a range of biotech names via its Merchant Opportunities Fund, including PolyNovo, Bard1 Life Sciences, Medical Developments and Race Oncology.

So look at the charts for PNV, BD1, MVP and RAC .... BD1, MVP and RAC have significant similarities.

Look at the close trading patterns for ... say BD1 on Friday

	1	1,590	4:10:33 pm	138	955	$1,317
1	2	1,589	4:10:33 pm	138	320	$441
2	3	1,588	4:10:33 pm	138	1,225	$1,690
3	4	1,587	4:10:33 pm	138	5,219	$7,202
4	5	1,586	4:10:33 pm	138	3,900	$5,382
5	6	1,585	4:10:33 pm	138	641	$884
6	7	1,584	4:10:33 pm	138	100	$138
7	8	1,583	4:10:33 pm	138	37	$51
8	9	1,582	4:10:33 pm	138	1,228	$1,694
9	10	1,581	4:10:33 pm	138	162	$223

Look at MVP

	1	486	4:10:33 pm	377	65	$245
1	2	485	4:10:33 pm	377	218	$821
2	3	484	4:10:33 pm	377	725	$2,733
3	4	483	4:10:33 pm	377	47	$177
4	5	482	4:10:33 pm	377	300	$1,131
5	6	481	4:10:33 pm	377	756	$2,850
6	7	480	4:10:33 pm	377	3,869	$14,586
7	8	479	4:10:33 pm	377	4,000	$15,080
8	9	478	4:10:33 pm	377	121	$456
9	10	477	4:10:33 pm	377	138	$520

Look at RAC

	1	351	4:10:33 pm	335	17	$56
1	2	350	4:10:33 pm	335	266	$891
2	3	349	4:10:33 pm	335	252	$844
3	4	348	4:10:33 pm	335	374	$1,252
4	5	347	4:10:33 pm	335	2,043	$6,844
5	6	346	4:10:33 pm	335	1	$3
6	7	345	4:10:33 pm	335	1	$3
7	8	344	4:10:33 pm	335	213	$713
8	9	343	4:10:33 pm	335	15	$50
9	10	342	4:10:33 pm	335	16	$53

Look at the shorting data (daily) for all three (four) ... similar.

IMO - there's a very good argument the same algorithm is working on all three (four?).

That looks like a potential bottom for MVP on Friday ... I wonder if it turns out to be on all three.

MOF won't have to report until Sept 30 so they have plenty of leeway!