BIT036- a likely candidate for curing COVID-19, page-1846

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Pseudoname1

578 Posts.

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15/04/24

11:34

Post #: 73346992
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Originally posted by Pseudoname1: ↑

Hey Footmax

IMO this stock has two maybe 3 or 4 major drivers/ holder attitudes. Each is comprised of different appetites for risk and if you like time / delay.

Not that unusual but exaggerated by the uncertainty and pending news

To illustrate - Look at the relatively static top holder list, look at the rush of capital that jumps in on an announcement headline, look at the day trader types that come through here. Look at the abscence of shorts for whatever reasons.

As BMD and myself have previously discussed in the ST the market is a voting machine, long term its a weighing machine. Some cant wait, some get scared, makes sense. Why I keep banging on about portfolio theory.

So in answer to your question (good one imo)

Firstly I consider -

a) I think theres disperate views and attitudes in the SH base, that we shouldnt conflate into a 'singular' hypothesis
b) the bulk of the 'noise' comes from the traders and then I gather the frustrated holders. If this is a good idea, slow but smooth long term track record, massive revenue potential, rounding error in your $10 -50m+ portfolio.. you can imagine you may be less vocal than a 25yo momentum investor kid, looking to double money every 2 weeks and preserve capaital at all costs.

I conclude give or take that management are keeping their cards close because they in some form of evaluation and or negotiation. Its not just efficacy, its use case pricing, sequencing, external less commercial drivers, health politics etc etc.. its a big situation whatever stage of development you believe this is precisely at today.

Thats an impossible breadth of information to share with a retail SH base in its granularity (look at the attitudes that come through here).

Therefore some may be concerned about potential results or timing issues and sell and some may not even notice the discussion.

Make sense ?

imo

DYOR

Expand

And

The ones that dont notice are likely larger and who knows how much money is watching from the sidelines ?

BIT Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

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(20min delay)
Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $43.30M

Open	High	Low	Value	Volume
4.8¢	5.0¢	4.6¢	$14.08K	299.2K

Buyers (Bids)

No.	Vol.	Price($)
1	6000	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	360439	1

View Market Depth

No.	Vol.	Price($)
1	6000	0.047
4	263530	0.046
5	214403	0.045
2	255000	0.043
3	94700	0.042

Price($)	Vol.	No.
0.049	360439	1
0.050	46067	1
0.052	155000	2
0.054	60000	1
0.055	108400	2

Last trade - 15.33pm 18/06/2024 (20 minute delay)

BIT (ASX) Chart

BIT036- a likely candidate for curing COVID-19, page-1846

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BIT036- a likely candidate for curing COVID-19, page-1846

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