BOT 1.37% 36.0¢ botanix pharmaceuticals ltd

I hate to say it , and I very well may regret it , but I’m out....

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  1. 493 Posts.
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    I hate to say it , and I very well may regret it , but I’m out.

    I’ve been watching very large , whole number bids stacking up on the buy side and continuously being rearranged so as to never be exposed to any actual purchases of shares. I believe it’s fake demand in order to prevent panicking the herd as a big holder exits. Then at end of days it’ll be a small buy bid put in to keep the SP elevated overnight.

    5 red days as they sell out , then a couple of minor volume green days to get the price back up to an acceptable exit point ....process been repeated a few times as the SP has drifted down 20-25 percent.

    This has predated the market jitters that have shaken the market as a whole. There has been doubt of a leaky ship at BOT previously. The 12 week trials first commenced recruitment in June. Results would be evident by now.

    I’m devastated to be honest . Very , very high probability that I’m wrong , but this is the pattern I’m seeing and I would be grateful if someone had a few words to convince me otherwise . I had big hopes for BOT and everything seemed so promising except for that which I’ve described.

    Any thoughts would be appreciated.

    Cheers

    Probably announcement of successful trials on Monday now I’m out.....
 
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Last
36.0¢
Change
-0.005(1.37%)
Mkt cap ! $707.4M
Open High Low Value Volume
36.5¢ 37.0¢ 36.0¢ $391.8K 1.080M

Buyers (Bids)

No. Vol. Price($)
3 160000 35.5¢
 

Sellers (Offers)

Price($) Vol. No.
36.0¢ 11013 2
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
BOT (ASX) Chart
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