This thread is for estimates about where the floor will be for...

This thread is for estimates about where the floor will be for TLX's current downturn. How low will it go?

Here are a few clues.

1. Unfortunate timing for shareholders that the CR coincided with a market correction. So, selling is way overdone?

2. Plenty of instos were willing to pay $7.70 in the CR. So, must be worth at least $7.70?

3. Maybe the SP had been propped up by expectations of approvals for Illuccix. Now that approvals have arrived, perhaps many holders see this as an automatic trigger to sell?

4. SP still falling substantially today (went down today another 5% and below $6 at its low), even though the market is up today and most other stocks are steady or rising. So, heaps of TLX sellers desperate to sell?

5. Directors sold some shares at $7.70. Maybe shares are not even worth $6?

6. Panic selling? Panic sellers now outnumbering bargain hunters?

7. Charting indicates that the SP has broken below the lower boundary of a year-long upwards trading channel. So, technical analysis says that this is now a major breakdown sell?

8. From charting, there appear to be support levels at $5.70, $5.50, $5.25, $5.05 and $3.60.


My guess is that the SP will recover back into the lower area of the year-long trading channel, in other words back to at least $6.70. Just a guess.