Between here and years end SNT still has the benefit of the Interim Phase II Positive Data to apply value to the company...
The real climb should start again Mid February heading into another deeper Data Announcement scheduled for March...
Accumulation seems to be game at present , I've only added 1 additional parcel to my original purchase but I do know several other SH that have increased their holdings significantly over the last 3 months..
I have not sold a single share.
The beauty of SNT is the make up of the Share Registry ,, circa 57% held by Insto's and Sophs , 10% held by Senior Management and Staff, so only around 33% is out in the open for retail,,, who at this stage don't seem to have fully grasped the True Value of their Holdings..
This is not trading advice but a true observation.
If a Seller loads a share and waits for the Buyers to come up and pay the ask then All Holders Win.. The SH liquidates his stock and the SP rises. for those that only sell a few ,the rest of your Holding retains its value, if we collectively play this strategy you will see significant gains and the spread becomes larger. The spread being the range at what the share sale price is available at.
Today we are looking at 7.4c to 9c in the first 10 positions with only 3.4m shares on offer ,,, yesterday SNT moved over 20m shares.... I watched with frustration as Sellers undercut each other Selling down to over 200 parcels to the Buyers ask.... so Buyers were not motivated to pay higher as sellers were feeding them with what I class as cheap shares...(but still grateful for the swift 7.4c regain in Value)
| Prices | Sell Quantity | Sellers |
|---|
| 1 | $0.074 | 837,832 | 2 |
|---|
| 2 | $0.075 | 302,076 | 2 |
|---|
| 3 | $0.076 | 725,000 | 3 |
|---|
| 4 | $0.077 | 40,883 | 1 |
|---|
| 5 | $0.078 | 348,598 | 3 |
|---|
| 6 | $0.080 | 362,512 | 5 |
|---|
| 7 | $0.081 | 157,570 | 2 |
|---|
| 8 | $0.082 | 280,000 | 2 |
|---|
| 9 | $0.085 | 268,000 | 1 |
|---|
| 10 | $0.090 | 66,500 | 2 |
|---|
| 11 |
| 3,388,971 | 23 |
|---|
Now we all know it won't happen but if every SNT SH held their position today by the time we hit 4m volume the SP would strike 9c.
Previously I was on another stock that only had 350m SOI Shares on Issue and when the good news (Positive data) was announced it shifted up 14c in a day from 10c to 24c ... if you want to see these types of gains then you have to value the shares not only for yourself but the rest of the Holders..
enough of the early morning lecture , need my Latte and some Breakfast ... Next stop MC of $150m ,,, NZT
(20min delay)