Is it still a good buy at 62.5 cents?
While I didn't capture any stock at the lows of 31.5 cents, I managed to buy in at 33 cents, so I'm currently sitting on a 100% profit, which is great. Better yet, I sold off at 69 cents and repurchased this month with an average of 65 cents, so my true average cost is now below 30 cents. OPT trading is illiquid, but despite that, everything indicates that 62.5 cents is still a very good buy, even with the knowledge that a capital raising or other dilutive event must happen to see the trials through to the end. I think the fact that CR or other dilution event must occur that is holding back the price from $1.
OPT is not gambling, it just feels like it!
For a therapy that has the possibility to help many people improve quality of life The unsettling reality is that as an investor this feels like gambling, and the win/lose calculations resemble gambling; it seems there are very few ways OPT can earn a second prize—either it passes or fails win big or go home empty handed. However, even if the binary outcome were as uncertain as a coin toss (50:50)—though the real odds are almost certainly better, at least 70:30—factoring in a 30% capital raising, the stock is still worth buying at least until it reaches $1.25, at least in my opinion. Another factor, as discussed this weekend, is that we are not going to see any data read, even masked data, before the make-or-break events next year.
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Last
59.5¢ |
Change
-0.015(2.46%) |
Mkt cap ! $732.5M |
Open | High | Low | Value | Volume |
60.0¢ | 61.0¢ | 59.0¢ | $11.30M | 18.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 45916 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 45916 | 0.590 |
2 | 37273 | 0.585 |
3 | 38706 | 0.580 |
2 | 108695 | 0.575 |
3 | 44061 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 10000 | 1 |
0.605 | 47182 | 2 |
0.610 | 42308 | 4 |
0.615 | 1600 | 1 |
0.620 | 130700 | 4 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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OPT (ASX) Chart |