BOT 1.33% 37.0¢ botanix pharmaceuticals ltd

Ann: BTX 1702 Rosacea Study Approval, page-46

  1. 743 Posts.
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    Although I dont disagree that market manipulation exists, often times people and institutions will want out of a stock with low liquidity/volume, anouncements allow people to pull back with volume on an anoucement from a position that may singlehandedly lower the price on selling at another time. There is about $200,000 a day traded on BOT at the moment. If many investors with any kind of reasonable stake tried to pull their money they would cut themselves in half via a lack of buyers at the current market price. A stock trading at $200,000 a day is also not really something worth manipulating so I'd keep that in mind, you need volume to make money trading a stock and there is none here. Every trade is run via a bot so random numbers in a trade screen are not evidence of much acccept algos doing what they are made for, that is matching buyer and seller at a price point which looks like conspiracy to some but really isnt.
 
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Last
37.0¢
Change
-0.005(1.33%)
Mkt cap ! $669.7M
Open High Low Value Volume
37.5¢ 39.0¢ 37.0¢ $1.603M 4.223M

Buyers (Bids)

No. Vol. Price($)
4 378157 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 98000 5
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
BOT (ASX) Chart
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