AllCongratz to all holders. This is great news for the...

All
Congratz to all holders. This is great news for the believers.

Bio stocks have always amazed me - esp when the SP dropped for the past few sessions - it is likely someone is selling down or got the wrong tip to short sell based on fake tip that the test has gone sour. I have watched it for the past 2 sessions and selling was quite intense.

Given that this stock can be shorted. We have an interesting opening tomorrow:

1. News of PBT phase 2 test on mainstream news
2. Short seller covering
3. Hype on hotcopper and bio threads to alert other non-buyers.

I have seen this in many stocks in mining, industrial and bio stocks.

A word of advice for those planning to buy at open. Any stocks regardless of blue sky news, will consolidate at a certain price point. IMO it will gap up and continue for a mini run before exhaustion. This will generally trap a lot of new buyers not to miss fat profit. Best time to short is around T+3 (which is Thu arvo or Friday open).

I make 90% of my profit through shorts and I tend to short when most are still buying past a price point which is not difficult to spot - i.e. when there is constant small parcel selling at a price point indicating a BOT is operating to sell down.

Also those holding will want to book in profit and move onto other biostocks that has upcoming news (e.g. ADO...etc).


cheers
pcyc