CYP 0.00% 22.0¢ cynata therapeutics limited

Dr.Washer Response_Cynata Deals, page-13

  1. 1,070 Posts.
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    Another fall today on low volume. Volume over the last few days has been some of the lowest since the big Feb action where price rose on massive volume.

    From time to time, we see some big sell orders of 50,000 and 60,000 but are those genuine sell orders, or do they exist as an illusion just to scare buyers and quickly change once the price goes up? At the end of the day, the final volume still remains pretty low, despite the appearance of some large sell orders.

    I guess this means steady accumulation by the big boys from weak hands and short termers. I can't see long termers selling over here, and they are probably buying. As far as I can remember, one of the directors was also buying in the 90s.

    CYP was one of the hot stocks in Feb which has since cooled down a little. This happens to all stocks but it quickly change. Other hot stocks like TON and MJP have shown how fast this can happen with 80% rises on Friday and today, respectively. So, if you're not on your computer on that day, there's no way you can get that price again. So, it is important to know whether you are a day trader, short termer or long termer, as CYP could very well have similar movements.

    Just the announcement of 1 licensing deal and there is a strong possibility of similar action in CYP, like the last time around where price tripled in 2 days. I guess we have to be patient while the weak hands exit.
 
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Last
22.0¢
Change
0.000(0.00%)
Mkt cap ! $39.74M
Open High Low Value Volume
22.0¢ 22.5¢ 22.0¢ $29.06K 131.9K

Buyers (Bids)

No. Vol. Price($)
1 951 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 10000 1
View Market Depth
Last trade - 15.59pm 08/11/2024 (20 minute delay) ?
CYP (ASX) Chart
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