ATH 4.55% 2.1¢ alterity therapeutics limited

re post of my comments from early january

  1. 116 Posts.
    For those who perceive me as a bagger of this stock, I thought it timely to re-post my submission to this forum from some 6 weeks ago, as below:

    "If pressed to nail my colours to the flag I'd think that:

    If the trial shows positive results (and IMHO it almost certainly will, as per my previous post)the stock will spike above $1.50.

    What happens after that will be the clincher.

    My crystal ball foresees a very positive announcement trumpeting the success of the trial in achieving its primary endpoints, resulting in a buying frenzy.

    This was exactly what happened at the end of the PBT1 trial.

    In 24 hrs, a reality check will be taken, once the market digests the fact that there were no cognitive gains, and the stock will drop back dramatically.

    I'll be selling the day of the announcement.

    Whether I buy back in the following week will be an interesting question for me, as I feel the results will mandate the involvement of a major pharmaceutical company to fund a phase III trial."
 
watchlist Created with Sketch. Add ATH (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
-0.001(4.55%)
Mkt cap ! $18.32M
Open High Low Value Volume
2.2¢ 2.2¢ 2.1¢ $3.492K 163.8K

Buyers (Bids)

No. Vol. Price($)
1 70610 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 144455 1
View Market Depth
Last trade - 16.10pm 13/12/2019 (20 minute delay) ?
ATH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.