DingoBorat
Slim
This is the most well reasoned post Yak52, on the recent share price rise, in my opinionI guess those who are now stating they feel nervous about the "Increase" in SP recently have forgotten the FACT that we have been held down and UNDERVALUED for some time (thanks to the Shorters etc) as can be seen from the Pitt Street Report (priced BRN @ $1.50) and even FactFinders (FF) son (financial Professional international level) who assessed BRN @$1.70
Its not a case of it coming back down, it already is down and short squeeze, various news as mentioned here is finally having an effect on the SP.
One must remember that while our Company employees are responsible with info and no leaks, experts are employed by the major financial Banks, Funds etc to do D/D and they have contacts across the iT Industry which they use to find out how & who is doing what.
The "Big" boyz know way before any release of who is signing, using, manufacturing what and would know of BrainChips progress. Its what they are paid to do! So this SP increase is no surprise to me, it is a refection of how the "Market" (corrupt bugger that it is) is aware of Brainchip and getting on board the bus.
Yak52
Although it is strong, this is because of the dynamics of Brainchip as a Company.
For an ASX listed company, with over 1.7 Billion shares on issue, a 2 billion dollar market capitalisation and very little current revenue, it is an extremely tightly held stock.
Those 3 features, high number of shares on issue, high market cap and low revenue, do not "add up" as to why Brainchip is so tightly held.
When the share price is shorted, or pushed down to lower buying levels, the stronger reaction, is more buying, rather than more selling.
Unless there is actual selling of retail shares and not just borrowed shares, there will be an inbalance.
The large rise, has largely been because of this, not to diminish the value of what BRN is "worth", but the fact the shorters are not getting their way, is trapping more and more of them.
Dropping the price artificially, by shorting, means nothing, if there is not a corresponding selling volume, by retail holders.
Why do you think they try so hard, on HC and infiltrators here, to affect sentiment??
They want you to sell!!
The majority of large and larger holders here, when they see the price go up, it's "Woo Hoo!" when they see it go down, it's sad faces, but they aren't selling.
Most smaller holders see the price go down and think "cool, I don't have enough shares, I can buy more!".
@Bombersfan and @Stable Genius, this is why there has been such a strong rise.
Shorters and manipulators, not getting genuine volume selling.
Each time they push down, they just create more trapped shorts, if people are just buying.
The trapped shorts below 90 cents, of which estimates are 70 to 80 million, are in the most trouble.
If they were to push it down below 90 cents, it still means nothing, unless retail, or "someone" gives them 70 to 80 million real shares.
Brainchip is hot property and we all know why.
I think I'm going a bit blue in the face here, so I'll stop, but one last thing..
I hope you haven't stopped posting, @Rise from the ashes, just because @wilzy123 gave you a smack on the bottom
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