ATH 0.00% 0.3¢ alterity therapeutics limited

PBT is down seven percent with larger volume, page-20

  1. 516 Posts.
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    Well, e.g., two years ago, you had ten shares for ten dollars. Now, ten shares only cost others two dollars. You can argue that it is just a paper loss. But the fact is you have lost eight dollars that can buy forty shares now. One year ago, no mention two years ago, nobody could believe it is so dirty cheap now (the CEO bought 70k at 17 cents per share last spring if not wrong). Similarly nobody knows where it is without good news in the near future. The share value is around three dollars in nasdaq now. Without substantial progress, I would not be surprised if it drops to two dollars per share within a couple of months. So how about PBT here? That means if you buy three months later, your holdings can be increased by forty percent. Of course, if good news comes, the share value could be doubled, tripled... All these are depending on whether there is desirable news or not. In my dictionary, it is gambling for sure.
 
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