PTX. ASX - Prescient

Discussion in 'Shares & Funds' started by David_SYD, 17th May, 2021.

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  1. David_SYD

    David_SYD Well-Known Member

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    I’m on another 10/ 20 Bagger hunt.

    Anybody done much research around PXT? I like it...
     
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  2. Codie

    Codie Well-Known Member

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    I’m really liking this one. Expecting news out in the next 2 months on the PTX100 phase 1 dose escalation study. Will give us more insight

    apparently the patients were unresponsive to the previous drugs (5-7 used)

    So far they have had a partial response in a couple of people, and have extended the trial further. Could be taken 2 ways but I hope they see something promising and have extended for that reason.

    I wouldn’t throw a ton of money at it just yet but very interested in this next lot of news before diving in harder
     
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  3. inertia

    inertia Well-Known Member

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    gah! Thought I must have been doing something wrong trying to find it... ASX code is PTX
     
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  4. Sackie

    Sackie Well-Known Member

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    My 0.02c on ptx.

    It's going down . Over the next 1 to 7 days.

    Screenshot_20210527-092857_TradingView.jpg
     
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  5. Codie

    Codie Well-Known Member

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    This I'm ok with! Plan to pick up some more options in about a weeks time. Hopefully at much less of a premium. News potentially 5 weeks away
     
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  6. Canyon

    Canyon Well-Known Member

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    Hey @Codie, I can see the PTX options are still trading at a slight premium to the heads (once converted). Is that main reason for purchasing the options over the heads purely so you can accumulate more now with less initial outlay? Are they considered more risky in the sense that liquidity is lower, especially if the SP drops on bad news (not saying that will happen.... hopefully it won't!).
     
  7. Codie

    Codie Well-Known Member

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    Yes exactly right. Allows more leverage for the same investment.

    It can also be seen as less risk as it gives you exposure (by the option to buy) to say 10 shares for approximately the price of 6.

    if prices drop, you have less money out laid, or more options. Either way it’s a better scenario

    Yes the only down fall is liquidity if your trying to re-sell options on market, but converting to heads fixes that problem.
     
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  8. David_SYD

    David_SYD Well-Known Member

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    Apologies - mistyped the ticker for this. If a Mod could please change to PTX
     
  9. Canyon

    Canyon Well-Known Member

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    Thanks for the explanation @Codie, that makes a lot of sense. I will do some more research and might but a small parcel to begin and slowly accumulate.
     
  10. geoffw

    geoffw Moderator Staff Member

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    Done.
    It's usually better to report a post where a change is required. Mods are more likely to see it.
     
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  11. DreamzUnlimited

    DreamzUnlimited Well-Known Member

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    @Codie , @David_SYD may I please know the entry price for you guys @PTX?

    Thanks
     
  12. David_SYD

    David_SYD Well-Known Member

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    Cheers Geoff
     
  13. David_SYD

    David_SYD Well-Known Member

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    I’m still waiting with a Buy order for 40,000 Options at $0.052
     
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  14. DreamzUnlimited

    DreamzUnlimited Well-Known Member

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    Wow so you are expecting a price crash of 50%+ ?
     
  15. David_SYD

    David_SYD Well-Known Member

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    PTXOC bud.

    See @Codie ’s thread page 63 or 64 of 10 Bagger I think it was. Good explanation there.
     
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  16. Codie

    Codie Well-Known Member

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    Average is 0.06c -

    Looks cheap today on PTXOC
     
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  17. Canyon

    Canyon Well-Known Member

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    Ok something seems to be brewing with volume increasing the past couple of days. There have been quite a few large orders get filled yesterday and today with the SP up 20% today. Glad I got in yesterday!
     
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  18. Baker

    Baker Well-Known Member

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    I like bread
    25%
     
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  19. Canyon

    Canyon Well-Known Member

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    30% finish for the day! Let's see if this continues. Hopefully a positive announcement is coming :)
     
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  20. Sackie

    Sackie Well-Known Member

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    @Codie I was obviously wrong on PTX . Hope you killed it;)
     
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