BOT 8.70% 31.5¢ botanix pharmaceuticals ltd

I don’t have a crystal ball, but it is my speculation. having...

  1. 324 Posts.
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    I don’t have a crystal ball, but it is my speculation.

    having been in the stock for over two years, I feel like I’ve seen this movie before. I’m comfy with the cash position of the company and I’ll continue to watch that closely. I’m at break even here regards my entry price, but I can’t see any news better han what we have received coming out of BOT in the near term. It’s just BAU for them. Absent of huge news, I believe the trend is lower from here based on frustrated holders growing and contoured stop loss selling.

    while I think the selling has been technical, not fundamental, I believe it drives us lower. It’s up to you to decide what you believe/predict, but I rode this from 20c to 2.3c and back up again. I’ll do it again and I hope it rallies to $2 in time. But for now, I think Holders need to strap in and be prepared for it to get very dark before it gets better. There is no great conspiracy here, it’s just a mass exodus. Until that’s over, I’m not expecting a reversal.
 
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Last
31.5¢
Change
-0.030(8.70%)
Mkt cap ! $570.1M
Open High Low Value Volume
34.5¢ 34.5¢ 31.5¢ $6.354M 19.19M

Buyers (Bids)

No. Vol. Price($)
13 286322 31.5¢
 

Sellers (Offers)

Price($) Vol. No.
32.0¢ 28500 1
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Last trade - 16.10pm 01/07/2024 (20 minute delay) ?
BOT (ASX) Chart
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