the drop16 Jun 2021 18:51
It's not warrants, and it's not really Motley Fool, though they may add fuel. The hedge funds have algorithms that scan the market for shares that look overbought. Obviously we stood out once the price went over 9, up 25% on a newsless day.
I've seen it before. A few years ago when BMN hit a double-top just under 50, they drove it down to 20 in a month or two. Hasn't really recovered. Hopefully our rerate is more robust than that, but having tasted blood they will come back for more, until such time as news arrives to nail it down. So bumpy times ahead I think.