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2.6¢ benitec biopharma limited

Is this a race or the starters gun?, page-18

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gwil

1,204 Posts.

06/08/15

11:23

Post #: 15760793
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Originally posted by Coolstocks ↑

My guess is a bigger fish with say 1 or 2 million shares wanted to add to position. At 87.5 there was no real buying which opened the door for this individual or group to sell 50 or 60k of shares and shakeout all the weak holders which were all the new buyers of last 5 days or so. That triggered selling down to 80.5c where this individual or group saw exhaustion and started buying probably believing the IPO was 5th. They probably bought upto 92c (the IPO price they calculated) and the rest of us got excited and bought more.

Now the IPO is the 6th will the same thing happen today??

Dont get shaken out.

With more than double the sellers this thing looks set to fly. Sellers drying up.
Yeaterday it was 1:1 ratio and a fair chink both sides which allowed the shakeout to happen. But atm this looks good. 2.5:1 in favor of buyers!
Go BLT

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Only just under 400,000 sold on the ASX thus far today.

gwil

BLT Price at posting: 98.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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