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
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $672.4M |
Open | High | Low | Value | Volume |
37.5¢ | 38.0¢ | 36.5¢ | $993.3K | 2.673M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 278064 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 25974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 278064 | 0.365 |
15 | 279870 | 0.360 |
14 | 268270 | 0.355 |
32 | 1193052 | 0.350 |
7 | 196825 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 25974 | 2 |
0.375 | 377044 | 4 |
0.380 | 1079480 | 14 |
0.385 | 625916 | 9 |
0.390 | 152937 | 7 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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