BOT 2.70% 36.0¢ botanix pharmaceuticals ltd

Wouldn't be surprised if it's Agronaught offloading for their...

  1. 800 Posts.
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    Wouldn't be surprised if it's Agronaught offloading for their client(s). Actually, I know someone who does work for Agronaught and was doing just that ....

    They have been heavily selling into the SP. They have demands to meet and were oversubscribed from the get-go. They have held this back the entire way up. I personally would be glad to know that the selling was because of them. Would allow this stock to (finally) breathe.

    Plus side here is that we are getting closer to looking oversold. RSI was incredibly sustained. A pullback was expected.

    Additionally, I remember being at 10c not so long ago .... that's an incredible re-rate.

    Plus side is still very much real coming into September, provided it is positive. Feel Matt n Vince can make us feel quietly confident we may be OK.


    Last edited by zabba198: 12/07/19
 
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