where to next?, page-704

I think the big boys are taking their fingers off the sell buttons to bait for more fish to come before they hit it again. They still make 100% plus profit at this price. And they know that this company has no marketable product proven by clinical trials in the next few years (if ever). They cannot afford to rush to the market without clinical trials as once people call their product "snake oil", there is no way to come back.

At some point we will see a capitulation followed by a lengthy period of going no where within 10% range up or down. The big boys are not going to stop selling until they have at least got all their investment back and a bit more. That's about 1/2 of all the escrowed shares (about 130 millions) they recently got their hands on. This also means they won't crash the share price to the point where they don't get good profit. I think 40c is what they like to play for a while as they want 100% profit for as long as possible. Only when the fund managers join in to sell then it will go to the 30s. Of course their might be a decent pop (before the final capitulation) to the upside that will invite the big boys to sell again. Be patient if one wants to come in for pure punt (with an exit plan). I myself look for an entry point for a little punt. It AC8 does not get to the 30s, it's still risky. It will be fun though. It's better to park money with the banks for now as they got off lightly with the Royal commission.

Watch for the disclosure of insider holding. They held about 27% a while ago. If this goes down to 10%, it will be hard for the share price to come back.