PYC pyc therapeutics limited

Ralom, your post reminded me of an article I saw recently about...

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    Ralom, your post reminded me of an article I saw recently about the 9-10c range. Thought I'd post it here in case others find it interesting, seeing as PYC may now be operating in that range - though punching straight through seems likely - and preferable!

    GLA

    Why I Hate 10 Cent Stocks - Kerry Sun - Market Index

    The order book for any 10 cent stock usually looks something like this:

    • Buyersat 10 cents – 4,591,395 shares
    • Sellersat 10.5 cents – 7,401,301 shares

    With both sides so stacked– The stock does absolutely nothing for a very, very long time.

    One of the big problems with 10 cent stocksis that they move in 0.5 cent ticks (so every tick is worth ~5%). But when the stock trades sub 10 cents, they move in 0.1 cent ticks (so every tick is worth just ~1%)

    Why does this matter?Picture this scenario:

    • Place a bid at 10 cents and wait to be filled
    • The bid gets filled and you place a sell order at 11 cents (or 10% profit)
    • Set a stop loss at .98 cents (or 2% loss)
    You've just set the parameters for a 10% profit and 2% loss (excluding broker fees).

    Even if this strategy works once and you get stopped out four other times – You're still profitable!

    For that reason, you’ll often see stocks like Aurelia Metals ping pong like no tomorrow.
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(20min delay)
Last
$1.15
Change
-0.050(4.17%)
Mkt cap ! $670.7M
Open High Low Value Volume
$1.18 $1.20 $1.15 $146.7K 125.4K

Buyers (Bids)

No. Vol. Price($)
6 71742 $1.15
 

Sellers (Offers)

Price($) Vol. No.
$1.20 11949 2
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
PYC (ASX) Chart
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