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$1.07 mesoblast limited

Have a look at Alterity (ATH) in July last year. Went from 2c to...

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RickyH

457 Posts.

265

20/07/21

11:13

Post #: 54625206
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Originally posted by Phaedrus: ↑

It is completely understandable that a genuine investor might wait for the definitive bandwagon to arrive with 100% certainty before buying Mesoblast stock. There would naturally be a trading halt if the bandwagon effect was price sensitive.

On the other hand, there is the guide of history. The largest rise in share price in 1 day on ASX wasn’t OCC i.e. 347% in one trading day. It was actually Stemcell (ASX:SCU) on March 14, 2017. After the day finished I understand it was up 3054%.

How did that affect individuals bidding for shares in healthcare on that day? Impossible to generalise, of course - some only paid 200% or 300% of the price prior to opening. Others obviously bought in at 3053% of the pre-opening price.

If you are genuine & there were, say, only 1000 investors whose trading/ investing strategy is identical to yours, and they were determined to buy all available stock on Mesoblast’s big day, you must admit something similar might happen.

And if you were happy to accept a return on that investment, at that price, whatever it may be, then great!

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Have a look at Alterity (ATH) in July last year. Went from 2c to 42c (then back down again) on no news. Gotta love biotech shares.

MSB Price at posting: $1.93 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.07		Change -0.020(1.83%)		Mkt cap ! $1.235B

Open	High	Low	Value	Volume
$1.10	$1.10	$1.06	$2.087M	1.950M

Buyers (Bids)

No.	Vol.	Price($)
17	49652	$1.07

Sellers (Offers)

Price($)	Vol.	No.
$1.07	26280	15

View Market Depth

No.	Vol.	Price($)
12	41459	1.065
24	164340	1.060
17	187379	1.055
32	288850	1.050
10	87181	1.045

Price($)	Vol.	No.
1.070	24561	15
1.075	51559	13
1.080	79130	13
1.085	66180	9
1.090	150033	6

Last trade - 11.35am 20/06/2024 (20 minute delay)

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