I took a position in BIT approx 2 months ago because of the fact that they would be presenting at this Conference!
"History repeats". Holders of 12 months+ should be aware that after another Conference the SP shot up 30%+.
I have used this strategy with other biotech stocks. Same result.
Trading yesterday was most likely daytraders taking their 20% and moving on, unaware that the Boston Conference 8-11 March was going to light a fire under the SP. IMHO anyway.
Today is the 4th consecutive day of volume over 1 million.
Until yesterday, the SP had been steadily rising and the Buy volume steadily increasing. Yesterday was an opportunity to top up. How many took it?
I believe the increase in the SP and trading volume is ALL related to the Boston CROI Connection.
Less than 8 weeks away.
Its just common sense.
Today's trading seems to be back on track.
Good luck all Holders
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $18.04M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 2.0¢ | $17.17K | 857.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 502539 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 324673 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 502539 | 0.020 |
1 | 400000 | 0.019 |
6 | 491000 | 0.018 |
8 | 957352 | 0.017 |
11 | 3660554 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 234673 | 1 |
0.022 | 1031103 | 3 |
0.023 | 1100772 | 2 |
0.024 | 612849 | 2 |
0.025 | 223000 | 3 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
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BIT (ASX) Chart |