DXB 5.75% 41.0¢ dimerix limited

Honestly, I hate comments like this, just sounds eerily similar...

  1. 240 Posts.
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    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".
 
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