Hi all, haven‘t posted much lately as I’ve been flat out at work. It’s hard enough trying to keep up with the news flow and there has been some great research posted lately: thanks to all the contributors.
Got a question for the more experienced investors. I haven’t looked into it statistically but as I’ve been watching the price from afar over the last 18 months it seems to build up prior to the 4c as some FOMO and excitement creeps in with hope of the unexpected.
I don’t mean to diss the current SP rise and kill the happy mood but is that a tactic of the shorters? To pump the price up artificially prior to the 4C, then “obtain” (not sure if the terminology is right there) their short shares while the price is high with an expectation they can manipulate the price back down if the 4c is disappointing. The SP rise has been quite extra-ordinary over the last week.
The general thoughts, including mine are that the income will be low this 4c. I don’t have an issue with that as I am holding long term and appreciate the income will flow more next year and build steadily the year after that.
I’m thinking this next 1/4 is possibly the last one with very low income and therefore a last chance to try and keep the price down for the institutions to accumulate more at a cheap price. I’m a bit wary the a/holes may build the price up at the start of next week to give them a greater margin of error to drop the price later and also increase their profits. My inexperienced thoughts are that until steady revenue comes in we are a bit at the mercy of the Institutions and traders.
I could be completely wrong and the SP may have gone up due to the American Chips Act, general tech stocks rise, great work done by Jerome, extra publicity about Brainchip etc. I get there are plenty of genuine reasons which could account for the price rise as I think it should be higher based on what the 1000 eyes have uncovered but just wondering on others thoughts.
Happy for others to pose alternative opinions as I’m new in the game.
Heading out for a stout myself now so have a good weekend all!
Cheers