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Day Trader’s Aftermarket Lounge 17 Nov 2020, page-32

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Pridar

1,883 Posts.

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17/11/20

19:38

Post #: 48940951
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Originally posted by Checkin: ↑
Hopefully ATH will have a strong run tomorrow - if history is a guide then have a look at the volumes and price movements took place in early August 2020:
05/08/2020 0.066 0.073 0.061 0.064 0.018 39.13 215,768,617
04/08/2020 0.041 0.058 0.040 0.046 0.012 35.29 308,159,238

The above is just an indication that we may have more than a single day run since the patent looks good & according to Yahoo ATHE (the US Equivalent) performance yesterday was "the biggest gainer among those listed on major U.S. exchanges, after the Australia-based drug maker announced the allowance of a new patent for next generation compounds to treat neurodegenerative diseases. Trading volume exploded to 61.3 million shares, making the stock the second-most active in the U.S., and compared with the full-day average of just about 81,000 shares. Alterity said the patent covers more than 150 novel pharmaceutical compositions that are designed to redistribute the labile iron implicated in neurodegenerative conditions including Parkinson's disease and Alzheimer's disease."

... but history does not determine the future ... so only time will tell : )
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Definitely one to watch tomorrow, lots of sub 50k transaction so fair to say big fishes are involved in this one.
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