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Bullboard - Stock Discussion Forum TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."

TSX:TST - Post Discussion

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Post by Dane_Malcolm on Jan 30, 2016 6:13pm

Run up

I doubt there will be any sort of run up before the FDA decision. We are bouncing around in a 5 cent band on low volume. One buyer or seller of 100K could move this up or down 15% in a second. It is a waiting game from here on out, any moves now are irrelevant.
Comment by Hatchchat on Jan 30, 2016 7:21pm
sorry but your statement makes no sense at all. if you're saying that one could move SP easily with only 100k shares, then a run up will be very easy to achieve if only some houses with money start to buy in again. if we stay at this low volume you're possibly right, a run up is unlikely. but no one can know right now and the run up before adcom also came out of nowhere.
Comment by Dane_Malcolm on Jan 31, 2016 7:34am
Run up before the Adcom was based on great conditions heading into the key step in the decision making process. Failing that means the spotlight is gone. My gut is that any large shareholders have built their position or dumped it accordingly. The point about 100k shares is that if someone gets greedy building or panicky selling (more likely) then they could move the sp a long way given the weak ...more  
Comment by Hatchchat on Jan 31, 2016 7:56am
well we will see. like said before if the large shareholders don't come back buying anymore your point is very likely. but i hope they'll do again.
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