I hear you with regard to the recent institutional CR at .12 however this wouldn't be the first stock that's traded lower than a recent CR.
And 60% instead of 20-30%, sure but whoever loaded their bags earlier this year made a sly 270% with relative ease. Something to think about is, when a really large holder lets call them a 'whale' is unloading their profit, it's really hard. They need to drip feed their sales on to retailers making it seem like price is steady and not suddenly plummeting - in other words, it's a bit of a task to do and takes time. If you take a look at other charts, you'll notice when a distribution pattern occurs, the stock/ticker plummets and then often will retrace higher for some momentary sideways action (re-distribution) before heading lower. For what it's worth, I anticipated a buy the rumour, sell the news event if FDA approval went through - only based on the fact that it was seemingly a guarantee all year and I think that's echoed by whoever distributed between mid-August to mid-September.
All this is to say that I don't think whoever made circa 270% with relative ease, is looking to load up their bags with a 60% discount on where they unloaded recently, and then allow the price to trade in a sideways range until FDA approval - whenever that comes.
Anyway, thanks for the chat - keen to see what happens. All the best mate
- Forums
- ASX - By Stock
- BOT
- Bot Chart
Bot Chart, page-9660
-
- There are more pages in this discussion • 4,963 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOT (ASX) to my watchlist
|
|||||
Last
42.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $770.9M |
Open | High | Low | Value | Volume |
43.0¢ | 43.3¢ | 41.5¢ | $2.522M | 5.956M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 438567 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 219437 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 438567 | 0.415 |
11 | 608485 | 0.410 |
14 | 732949 | 0.405 |
20 | 505050 | 0.400 |
8 | 276540 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 219437 | 9 |
0.430 | 896821 | 9 |
0.435 | 302163 | 7 |
0.440 | 410819 | 8 |
0.445 | 346589 | 9 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
BOT (ASX) Chart |