BIT 5.00% 1.9¢ biotron limited

BIT Charting, page-1139

  1. 672 Posts.
    lightbulb Created with Sketch. 122
    Lol...Longs are indeed ruling ... apparently its currently about 1b to nil....based on below

    I'm guessing either this is un-shortable, or no one is game to short it.

    Assuming the latter, its stastically reassuring for a SH like myself, but odd given the SP relative to potential... ie is the market consensus therefore not saying the probability of success here is greater than 50/50, (ie nobody wants to take a short position), yet its pricing the stock as if it disgreed with its own aggregated conclusion ? Ie if success is expected to value the company at $x when the probability of success is applied at say 51/49, maybe discounted for some other factors eg time, liquidity, opp cost etc, etc you would think it would trade closer to $x than it is. Unless you were spot on in your forecast valuation footmax

    Maybe its some frustrated stock holders or liquidity dependent taking some profit amd moderating price after the past few years whilst the mainstay hold ?

    Maybe the bots and day traders are doing most of the trade swapping back and forth and they create and function in what a 1.5c / c 20% range.....???

    Maybe its developed a stock behavioural pattern that only the chartists understand...

    I attribute it to visibility at least in part. We've recently seen (as was pointed out the other day) the sell side vacuumed up and the price spike... presumably not the behaviour of a bot or seasoned day trader?

    interesting to see how long can remain at these levels for

    https://hotcopper.com.au/data/attachments/5862/5862641-e78f20c9f6dbaba1fc98190818a5a52d.jpg

 
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Last
1.9¢
Change
-0.001(5.00%)
Mkt cap ! $17.14M
Open High Low Value Volume
2.0¢ 2.1¢ 1.9¢ $6.308K 311.2K

Buyers (Bids)

No. Vol. Price($)
8 1673695 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 93000 2
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Last trade - 15.39pm 08/11/2024 (20 minute delay) ?
BIT (ASX) Chart
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