So 7.7-8.0 today, surprise Adapt expansion announcement yesterday to crack the SP up on FA,
this has forced all the fence sitters waiting like me for 6.9-7.3c to buy or take the 7-1 shares by payment, guaranteeing a well over subscribed CR placement, why would anyone buy on market at 8.0 when they can get 7.0 in the CR albiet at 1/7th volume of current holdings? Buyers have to take the CR now in full.
Same trend as the last 3 CRs except early announcement forced the spike back up earlier than i thought.
So i called a bottom of 6.9-7.3 when it was well above 9 so yes i was right again. 7.1-7.3 was the interim low and now it does not look like its going back, looks like on TA its headed to 8-9s soon and then back to the 10-12 boring range as before but with $40M cash in bank this time and no debt and with massive developments on HSV HPV & CC in the next few months, so may crack back to the 16.5-18.5c triple tops again.
On FA im with Baillieu Holst 23c to 55c bullish but on TA the CR will cause a crack down as it has, So now they announce more great news to surprise the market...adapt & CC use and functionality has now expnaded from 1 application in 2013 to 13 and now some 16-20 uses and growing with the CSIRO research commissioned last year out the next few months likely as well with the HSV2 Phase 2 results.
The low buy trade 7-7.3c looks finished. Volume increase has confirmed it. The retrace 8.0 to 7.7 is not positive but the bids at 7.7 look stronger than they did at 7.2.
I predict a spike back up of at least a 1 bagger from the lows and several great announcements now to support the buyers/traders back to the range above 10c-12c. Its the AHZ of old, the 2013 AHZ 7c to 18c all over again, im loving it, buyers at my TP low of 7.1-7.3 will make a mint from that trade,
Im not selling any. Buying time.
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So 7.7-8.0 today, surprise Adapt expansion announcement...
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Mkt cap ! $367.1M |
Open | High | Low | Value | Volume |
$18.82 | $19.14 | $18.80 | $131.3K | 6.904K |
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No. | Vol. | Price($) |
---|---|---|
1 | 100 | $19.05 |
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Price($) | Vol. | No. |
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1 | 100 | 19.020 |
1 | 75 | 18.980 |
1 | 300 | 18.520 |
4 | 163 | 18.510 |
Price($) | Vol. | No. |
---|---|---|
19.150 | 49 | 1 |
19.200 | 567 | 1 |
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