BOT 2.63% 37.0¢ botanix pharmaceuticals ltd

Ann: Botanix Commences BTX 1503 Acne Patient Study, page-37

  1. 12,520 Posts.
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    Couple of things at play here with the share price.

    The manipulators know that the downside with this company is minimal. They are working this share overtime at the moment

    Hence they will force the share price down in the vicinity of .046c - .048c and adjust their holdings on the way down.

    They know that can keep doing this whilst the milestones are being met. Hence the stacking appropriately of both sell and buy sides. Share price manipulators know their a string of announcements in the pipeline to jetason this price up again.

    The current share price has no relevance to the company progress and the end result.

    Currently the share price is being traded like a commodity within a 2 cent window - forget the company.

    You can play the dangerous game ( and risk your position ) and possibly get caught out or sit on the sidelines wait for another low maybe .046c accumulate and watch the game be replayed whilst you build you stock holding.

    The SP growth will be slow and gradual up to the 6c to 8c range. Trading opportunities will dry up due to the decrease in volume and the disappearance of the day trading brigade. The stock will gradually increase on the anticipation of the next milestone coming into site.

    imo the potential market is massive. The opportunites for collaborations with the acne product and delivery system are yet to be told.

    "If" a collaborative announcement is made during clinical trial process and journey to FDA approval then you will see the share price take dramatic upward steps. It could happen at any time.

    The point to remember is that the management of Botanix know this space. They know how it all works. Apart from the consistent quality of the synthetic cannabinoid and the fact that the acne product they are formulating has superior features to the "old" product technology in the market place - they have the key catalyst THE DELIVERY SYSTEM.

    So do you get excited about the short term share price games or do you take a considered long term view and add to your holdings when the opportunity arises.

    I know my strategy.
 
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Last
37.0¢
Change
-0.010(2.63%)
Mkt cap ! $669.7M
Open High Low Value Volume
37.0¢ 37.5¢ 36.0¢ $3.051M 8.277M

Buyers (Bids)

No. Vol. Price($)
3 465836 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 301865 3
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
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