RAD 0.00% 3.5¢ radiopharm theranostics limited

I don't think the debt ceiling or wider macro environment is the...

  1. 55 Posts.
    lightbulb Created with Sketch. 2
    I don't think the debt ceiling or wider macro environment is the cause of the short term decline in price here - I see it as a major holder dumping its holding from a reasonable short term gain ($0.14 to $0.20) down to level it acquired them at (underwriters typically don't want to get lumped with the stock) ... look at the increased sell volumes since $0.20

    hence the reason why only 50k shares traded yesterday at the not so coincidental price of $0.14 ... also have a look at the sell volume >1m (when mkt open) recently which is far higher than not too long ago (often exceeding the buy volume - why isn't the typical observation in recent times either) ... someone is moving a bit of stock hence the reason for the decline - it will increase once they get out and move on or on positive news but at least you know the bottom benchmark of ~$0.14.

    I may be wrong on the who but not likely on the why
 
watchlist Created with Sketch. Add RAD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.