After all this "positive" momentum news, the Buy/Sell ratio on the ASX is staggeringly non-reflective of any positive sentiment. My latest take is all evangelist retail investors are all at that stage of "I'm so overweight i cannot justify buying anymore", plus no new retail investors in a severely risk off market for biotech small caps burning cash, as well as too little liquidity for any potential insto investors to buy on market. I.e. they cannot get in and get out quick enough to meet their risk appetites for investment, and hence, will simply wait until cap raises and try and get in there, or, simply wait until the market cap/liquidity suits their liquidity parameters. Unreal.
AVR Price at posting:
$23.00 Sentiment: Hold Disclosure: Held
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