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12.0¢ starpharma holdings limited

The shorts are keeping this down, but they have to close...its...

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14,434 Posts.

609

14/09/20

13:09

Post #: 47321551
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Originally posted by runaway: ↑

Great announcement today. It will probably get priority to fast track to market. This could really help with the Covid situation until a vaccine is made which in reality would be a few years off even though big pharma are saying possibly end of this year. I think the shorters have taken the wrong side of the bet this time. 4% short outstanding on a float of 372M or approx just under 15M shares. 4.8M shares traded today so far and it's up 8%. The average daily turnover is much lower so if the price keeps appreciating the shorts will capitulate at some point and potentially blast the price up, getting very risky being on that side of the trade. Next round of US stimulus will be announced in the next week or two so that will steady the US markets, and they may retest highs again (depends on the stimulus package).

Could be a strong afternoon session for SPL. Short side will be contemplating their positions and wouldn't be wise to average up.

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The shorts are keeping this down, but they have to close...its likely going to hit the media outlets and overseas investors and big pharma...this is a no brainier...I am expecting 5 bagger Plus

SPL Price at posting: $1.73 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 12.0¢		Change 0.000(0.00%)		Mkt cap ! $49.44M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
12	388679	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	5089	1

View Market Depth

No.	Vol.	Price($)
12	388679	0.115
9	246033	0.110
11	217642	0.105
10	291472	0.100
1	10305	0.097

Price($)	Vol.	No.
0.120	5089	1
0.125	228591	10
0.130	324423	12
0.135	498961	14
0.140	53417	8

Last trade - 07.00am 16/05/2024 (20 minute delay)

SPL (ASX) Chart

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