DXB 5.75% 41.0¢ dimerix limited

Ann: Dimerix presentation at Bio Connections Australia, page-20

  1. 240 Posts.
    lightbulb Created with Sketch. 36
    Honestly, I hate comments like this, just sounds eerily similar to 'its being manipulated' or 'its the shorters' everytime a stock goes down.

    Not sure why anyone is tip toeing around it?

    They released a relatively concerning 4c showing massive cash burn, sure they claim they were one off expenses. But what if the next quarter brings more one off expenses? Suddenly you need a CR. They also flagged an incoming tax credit or something but who knows? So expectedly we've had a massive sell off, whether it is an overreaction I am not sure, then you have people probably being stopped out after entering recently or taking an L as well as possibly taking profits considering it went up like 300% in just a couple of months, throw in some general negative sentiment in the stock market and bam DXB is down another 5% (is that 25% since the 4c?).

    Personally I am pretty close to stopping out of this one. I am not losing sleep over it but it would want to hold 43/43.5 IMO. Break that and I suspect it is going into the 30s.

    But sure, it is being "controlled" and "accumulated".
 
watchlist Created with Sketch. Add DXB (ASX) to my watchlist
(20min delay)
Last
41.0¢
Change
-0.025(5.75%)
Mkt cap ! $225.7M
Open High Low Value Volume
43.0¢ 43.5¢ 40.5¢ $1.405M 3.385M

Buyers (Bids)

No. Vol. Price($)
4 78254 41.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 83356 2
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
DXB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.