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
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $25.26M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $2.114K | 75.44K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87026 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 45600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87026 | 0.028 |
1 | 45000 | 0.027 |
5 | 289518 | 0.026 |
5 | 268646 | 0.025 |
3 | 299000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 45600 | 1 |
0.030 | 60000 | 2 |
0.031 | 179129 | 4 |
0.032 | 500000 | 1 |
0.039 | 257353 | 1 |
Last trade - 15.45pm 04/09/2024 (20 minute delay) ? |
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BIT (ASX) Chart |