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RHY

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8.57%

6.4¢ rhythm biosciences limited

or maybe they want out? this stock has not done anything good...

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HenryBui

253 Posts.

8

06/12/18

16:21

Post #: 36774199
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Originally posted by Wise_One ↑

North & in a decent way... 6-7m EV for a potentially world class diagnostic tool for the 2nd most prevalent cancer in the world...!

The unfortunate thing about stocks like this is they get manipulated by the large accumulators who want to scoop up a major position at the expense of joe public.

Today's another classic example of capping the SP near 12-mth lows (IMO the 500,000 @ 15c sell order which was placed as soon as 250,000 @ 14.5 was bid, is a capper... & it did it's job in stalling momentum)

We know Merchant have been buying this up - so maybe they're capping to accumulate more on the cheap?

IMO within the next 12 mths, this should get to 50-60m mkt cap which would mean a SP of 50-60c given there are 100m shares on issue.

Just look at the chart for BD1 - went no where for 12 months & kept hitting lows & lows until their diagnostic tool announcement & then re-rate of 5-bags at peak...

This is the way these bio's trade - they grind you down until only the firm believers remain & then WHAMMO out comes the goods

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or maybe they want out? this stock has not done anything good for them, couldn't even run properly during the bio hype period

RHY Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.4¢		Change -0.006(8.57%)		Mkt cap ! $15.41M

Open	High	Low	Value	Volume
7.1¢	7.4¢	6.2¢	$26.95K	399.8K

Buyers (Bids)

No.	Vol.	Price($)
1	30000	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	12800	1

View Market Depth

No.	Vol.	Price($)
2	75525	0.063
1	16000	0.062
2	83639	0.060
2	38605	0.051
1	66665	0.045

Price($)	Vol.	No.
0.064	9245	1
0.065	51999	3
0.066	107305	1
0.067	195346	2
0.070	1794	1

Last trade - 11.54am 30/09/2024 (20 minute delay)

RHY (ASX) Chart