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$13.13 neuren pharmaceuticals limited

Thanks Eagle0 appreciate the response. makes sense to me cheers.

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stevoh741

200 Posts.

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18/07/24

21:34

Post #: 74819660
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Originally posted by Eagle0: ↑

This is a theory so take from it what you will, but imo it has less to do with conspiracies and more to do with ordinary money making activities from institutional investors on a daily basis. Significant milestone coming up? Program the bot to raise the share a couple of dollars. News lands, short the shares down a couple of dollars. Repeat, repeat and repeat. Pretty standard fare for the ASX I reckon.

That said, I do believe some of the larger holders (ie a major bank nominees entity) like to keep a peg on the share price to react quickly when significantly positive news drops. But thats unremarkable in the scheme of things.

I'm concerned we will still be pegged at $20 post-Angelman results, however a successful FDA meeting will hopefully provide a roadmap to when the Phase 3 trial starts and give us an indication of how onerous the trial design will be. I'm expecting the design to be similar to the Phase 2 trial but with a greater sample number which will give confidence to the market the FDA is happy with how Neuren is progressing the drug. If the FDA also agree on a new trial protocol for PE and the undisclosed indications that could provide a timely boost also.

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Thanks Eagle0 appreciate the response. makes sense to me cheers.

NEU Price at posting: $20.78 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $13.13		Change 0.020(0.15%)		Mkt cap ! $1.678B

Open	High	Low	Value	Volume
$13.20	$13.44	$13.07	$5.021M	378.7K

Buyers (Bids)

No.	Vol.	Price($)
4	11501	$13.12

Sellers (Offers)

Price($)	Vol.	No.
$13.18	1539	1

View Market Depth

No.	Vol.	Price($)
3	464	13.100
2	264	13.070
1	300	13.020
2	300	13.010
9	17634	13.000

Price($)	Vol.	No.
13.210	1700	1
13.430	2400	1
13.450	150	1
13.480	2000	1
13.490	1700	2

Last trade - 16.10pm 18/10/2024 (20 minute delay)

NEU (ASX) Chart