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
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.72M |
Open | High | Low | Value | Volume |
5.2¢ | 5.4¢ | 5.2¢ | $2.393K | 44.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19600 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 188178 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19600 | 0.053 |
2 | 78579 | 0.052 |
3 | 81000 | 0.051 |
9 | 322000 | 0.050 |
2 | 624970 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 188178 | 2 |
0.057 | 625000 | 2 |
0.062 | 7000 | 1 |
0.064 | 40000 | 1 |
0.065 | 64516 | 1 |
Last trade - 15.15pm 03/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
  |
Change
0.000 ( 3.85 %) |
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Open | High | Low | Volume | ||
5.4¢ | 5.4¢ | 5.2¢ | 120722 | ||
Last updated 15.15pm 03/05/2024 ? |
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BIT (ASX) Chart |