CPH 0.00% 0.9¢ creso pharma limited

It's a bit of a concern when you need to start an echo chamber...

  1. 5,467 Posts.
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    It's a bit of a concern when you need to start an echo chamber thread.

    The depth is comical, 15,000,000 at literally the lowest possible value is literally as transparent a manipulative stacking of the depth as is possible.

    If you look at the true depth (within a few pips of the action) the depth is heavy on the buy side, which is good, but in context, there is basically nothing about the six month low and the fall to that point has been rapid. It's likely to fall through that support if it doesn't bounce quickly, it probably won't bounce quickly, so 10c in the near future is probable. But, having said that, it's almost certainly not going to tumble quickly all the way back to 3c so it'll find some support somewhere between 13c and 3c.

    Sitting in an echo chamber of people saying it's time for a 30c party is not going to help you. With a big crash to 13c, failed pump attempts and an upcoming capital raising, it's very unlikely the price will get to 20c before the capital raising even with hard pumping, and there's almost a guarantee of a price drop in response to the capital raising, which potentially will need to be done below 10c. The only hope for a price recovery, other than the market being fooled again by the usual hype strategy, is a surprisingly positive reaction to the OTC situation, but that's probably more likely to hurt than help in all but the very short term, and even a temporary boost is not terribly likely.
 
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