Oooooooowww that’s a great way to describe current markets...

First 76 Last

Share
Profile

Follow
slick

15,737 Posts.

8787

24/11/23

18:54

Post #: 71096965
Share

Originally posted by dalts66: ↑

Agreed. The market knows best. And at the moment it hates risk.

A lot of the selling into the 4c zone has been holders with an average of somewhere between 12c and 35c selling to rebuy at 2.8c. This has created the sell pressure. But, with several days of higher than normal volume, they have been finding buyers. So we have a new base in the 3cish zone.

That sell pressure will dry up today, as T+2 and bpay wait makes today the last day to take advantage of the 2.8c buy back.

If volume return to its very low historical value, the price will drift up and down on small sell and buy orders. But if we get the right announcement to keep interest, it will drift up. But very hard to predict when volume historically is so low.

For me, I have taken a large position which will be averaged in the low 3c region now, and will hold until we hear more from the expansion trial into GBM.

Risks at the moment are that this raise fails in a large way. Or that the drugs dont keep performing as they should.

Mitigation for the finds if the raise fails, is delaying the new trial from hitting arms. Not ideal, but concentration of funds into GBM approval would be best for the company.
Data so far seems to point to the drugs working a treat.

So a rocky path ahead, but potential from this market cap is large.

Expand

Oooooooowww that’s a great way to describe current markets Dalta

“The market knows best. And at the moment it hates risk”

Hope you don’t mind if I use that one.

Cheers.

CHM Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

TKM

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

GRE

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

XRO

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

First 76 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $8.060M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$31.98K	7.997M

Buyers (Bids)

No.	Vol.	Price($)
4	2764810	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	18629873	23

View Market Depth

No.	Vol.	Price($)
5	4707636	0.004
40	24878271	0.003
14	12400505	0.002
12	54600000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	18629873	23
0.006	14087235	17
0.007	3100000	2
0.008	8542434	6
0.009	2327672	4

Last trade - 12.22pm 25/06/2025 (20 minute delay)

CHM (ASX) Chart

Oooooooowww that’s a great way to describe current markets...

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Oooooooowww that’s a great way to describe current markets...

Top Stories

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News