BNO 5.26% 20.0¢ bionomics limited

Where is support for this stock once buying at 15c is filled?

  1. 707 Posts.
    lightbulb Created with Sketch. 78

    Some posters on this stock have confidence in the company and that is OK.


    Maybe there are assets that are more valuable than I currently think.


    However, borrowing to fund day to day operations is not a long term strategy.


    So, all that is needed to make a mess here is one impatient insto who decides to offload a million shares and then it could get messy.


    The chart (and I do place considerable importance on charts) look fragile as there is no technical support below 15c.


    Change is a coming.......and the executives may soon be looking for their parachutes - yeah, the golden ones.


    Yep, this is all just opinion so DYOR.

 
watchlist Created with Sketch. Add BNO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.