So here's the crux of what I posted on Hot Copper.
Traders have seen a 2-week opportunity with BOT and the price will rise steadily until the FDA mid-cycle review at the end of the month. Then it will jump on that result (assuming it is positive, and there is every reason to believe that will be the case). Then the share price will fall back a little as profits are taken and the traders get out. Then it will be a steady increase to the FDA approval in October. And then big pharma will take a strong interest in the company and there may even be a takeover attempt. If there are 2 companies wanting BOT, it will get very interesting indeed.
The chancee for a substantial gain is hanging in the air.
As usual, this is NOT financial advice. You should alays do your own research
Comments
Post a Comment