I believe it's buying pressure from the U.S. BNIKF. It was up nearly 5% overnight for the umpteenth day in a row.
More exposure over there, so more US investors jumping in, more Aussies watching BNIKF overnight seeing it rise…a perfect storm.
If I recall, the BNIKF OTC's can only be sold after brokers buy from ASX so if that's the case with supply so thin now the price pressure in the US is going to compound also.
Interesting days ahead that's for sure.
- Forums
- ASX - By Stock
- BLT
- we'll soon be talking dollars not cents
we'll soon be talking dollars not cents, page-22
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online