BOT 2.60% 39.5¢ botanix pharmaceuticals ltd

Bot Chart, page-5217

  1. 324 Posts.
    lightbulb Created with Sketch. 91
    If you’re not pricing in total failure, the stock is very cheap here. Buyers, if they are real will need to accept that the only liquidity is going to be in lifting lumpy offers like that at 8.3c. And that will continue.

    In the past many folks have suggested down ramping etc, but that cannot go on for years, so ultimately those theories become paranoia. The market has just been pricing in failure risk, plus some day traders trading the spread and mucking around. Nothing untoward or sinister.

    So if there is a genuine belief rebuilding, believers best get set here as I don’t think these levels will survive long if that’s the case.

    I have conviction that if BOT get it right, this is a huge stock, but it’s not without risk. However, the risk currently priced in is too extreme in my opinion. Hence the asymmetry is certainly in favour of being long here.
    Last edited by same1: 31/03/22
 
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Last
39.5¢
Change
0.010(2.60%)
Mkt cap ! $714.9M
Open High Low Value Volume
39.0¢ 40.5¢ 37.5¢ $4.833M 12.29M

Buyers (Bids)

No. Vol. Price($)
5 511746 39.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 99994 1
View Market Depth
Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
BOT (ASX) Chart
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