Clinuvel Pharmaceuticals (CLVLY)

[USS Vengeance]

Today was a complete disaster, potentially quite a lot of money lost with professional traders but that's the game we play. I think this event is unprecedented, a cyber attack perhaps?

The ASX is rather coy (or embarrassed) about it although probably no point to go into technical details. Looking at the trades today for CUV it appears there is still accumulation happening, may be additional pent up demand tomorrow which could see another significant rise, but I think we might be at another resistance point again. That's totally fine, I think to rise to the current share price in short order is terrific and has probably alerted quite a few funds to Clinuvel's prospects. Momentum will be critical leading into the final weeks of October, another run up would be good post-quarterly report to take this over $10.