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Bullboard - Stock Discussion Forum Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

Oncolytics Biotech Inc. is a biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and adaptive immune... see more

TSX:ONC - Post Discussion

Oncolytics Biotech Inc > Pre deal markets activity
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Post by canadafan on Jun 18, 2024 2:17pm

Pre deal markets activity

There are a few lines of thought, regarding market activity indicating a deal is just around the corner or miles away.
i can. Only go by my past history.
As I mentioned, pre A.N. Deal the S.P. Was dismal & volume next to zero.
identical to now.
What I did notice ( back then),...& I was not at that time holding significant shares.
what I noticed was a clear pattern of near end of day, price support. Identical to now.
The support volume was not huge. Just enough to stabilize the price.
We saw some of that today, early afternoon .
watch for the 3:30-4:00 trading.
Back then, and on the change of Matt taking over for Brad T. , I watched.very Close.
seeing the same pattern over & over, I jumped in.
the A.N. Deal was announced with a trading hault. 

My point?
in some cases there are pre- deal clues. The A.N. Deal, subtle hints. Could even had been total coincidence.
Like I said , regarding Onc. Lear; to expect the unexpected.
check my thesis out fo4 yourself
look for the end if dsy support.
.

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