Ok ladies and gents, it's approaching mid September and the SP is starting to look a bit fragile. For robust discussion what is the market thinking?
1. Is success already factored into the SP and upon results will there be no discernible rise?
2. Is the weakness due to the possibility that results will be delayed?
3. Are there problems with the trial data collection and analysis?
4. Is the spectre of a capital raising keeping a lid on things?
Basic common sense dictates that being so close to the results announcement and on the assumption that the results should be positive, their should be more vigorous movement in the SP. Something doesn't add up and I am trying to put my finger on it before I load up with some more pre announcement. There are some clever folks on this thread. I would welcome your comments to make sense of what is going on with the SP.
cheers,
i hold Acl
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