if a large buyer came in, singular focus, and bought this up to 100m mc, who here would rationalize it is still worth todays anemic mc of 14m ??
If that were to happen, you can bet that traders and longs would start to see the silver lining and join in.
BIT - was not significantly worth more or less, commercially, than it was a month ago, yet people knew about it, amoungst many medical great potentials.
A spark, and the imagination of FOMO was ignited.
BGT - Really, oh Shite, an insect repellent that doesn't kill the bees? and many more benefits,,,oh, resistant strains? a new weapon? shizer !!! at what point is that not taken over for xxx hundred millions ? by majors.?
when ? only after that spark is lit, does it all seem too late.
The spec market has been in a correction since FEB, a spec bear market. Starting fires elsewhere has been with wet matches.
The money flow is really tight, so i dont look at stocks themselves for a lack of movement, rather the money taps are turned off.
That will change eventually, and the too good to be true, in your ground floor elevators will start moving.
Surely BIT was too good to be true as well ? yet, dry matches for some.
BGT Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
