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
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.87M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $17.40K | 542.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 120000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 0.031 |
8 | 342305 | 0.030 |
5 | 1208888 | 0.029 |
4 | 468000 | 0.028 |
2 | 537000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 120000 | 2 |
0.034 | 100000 | 1 |
0.035 | 317251 | 4 |
0.036 | 460000 | 2 |
0.037 | 537816 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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BIT (ASX) Chart |