BIT has dropped significantly from its high but is still trading well above where I called the top!It was parabolic and anyone who thought it would keep those gains was crazy. However, it's still a 5 bagger for early buyers, if someone didn't sell for some reason. Hard to imagine anyone not taking at least some profits but it does happen.
Totally agree with volatility. Nothing liked failed trials for a biotech to gap down 80% with no chance for holders to execute their stops.
Nice analysis. Thanks for sharing!
Short Term Trading week starting 21 Jan, page-50
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