I hear you with regard to the recent institutional CR at .12 however this wouldn't be the first stock that's traded lower than a recent CR.
And 60% instead of 20-30%, sure but whoever loaded their bags earlier this year made a sly 270% with relative ease. Something to think about is, when a really large holder lets call them a 'whale' is unloading their profit, it's really hard. They need to drip feed their sales on to retailers making it seem like price is steady and not suddenly plummeting - in other words, it's a bit of a task to do and takes time. If you take a look at other charts, you'll notice when a distribution pattern occurs, the stock/ticker plummets and then often will retrace higher for some momentary sideways action (re-distribution) before heading lower. For what it's worth, I anticipated a buy the rumour, sell the news event if FDA approval went through - only based on the fact that it was seemingly a guarantee all year and I think that's echoed by whoever distributed between mid-August to mid-September.
All this is to say that I don't think whoever made circa 270% with relative ease, is looking to load up their bags with a 60% discount on where they unloaded recently, and then allow the price to trade in a sideways range until FDA approval - whenever that comes.
Anyway, thanks for the chat - keen to see what happens. All the best mate
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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($) | Vol. | No. |
---|---|---|
39.5¢ | 99994 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 511746 | 0.390 |
5 | 484252 | 0.385 |
6 | 390723 | 0.380 |
10 | 719851 | 0.375 |
10 | 1020257 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 99994 | 1 |
0.400 | 682064 | 7 |
0.405 | 165176 | 7 |
0.410 | 327323 | 15 |
0.415 | 280410 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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