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I have said it before and no doubt most are sick to death of me saying DO YOUR OWN RESEARCH and HAVE A PLAN.The price manipulation is so frustrating.
We need to compare to another growth stock for perspective though.
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Tesla went from $407 then 4 months later down to $265. Back up to $361 a month later. Down to $265 2 months later and it now sits at around $300 3 months later.
Growth stocks are roller coasters unfortunately and not for those with weak stomachs.
To be a successful retail investor you have to satisfy your own level of confidence based upon your own personal circumstances and ability to deal with risk. The only way to do this is by doing your own research as the price on the ASX does not tell you anything at all about a company.
On Friday last an event occurred with respect to another share traded on the ASX. This event logically added a quantifiable value of more than $100 million dollars to a company with a market cap of around $46 million dollars and cash reserves around $20 million less operating expenses since last report. Any normal person in the street would expect that this event would cause an appreciation in the price of the share. Well that normal person would be completely wrong WHEN IT COMES TO THE ASX OR THE SHAREMARKET.
Warren Buffet is fond of saying that it is time in the market that counts well one thing time in the market does do is educate investors to the fact that the market never ever reflects true value.
The following is an extract from the announcement so you can check what I am telling you and not as a recommendation for this share it is a speculative early stage biotechnology company but if you were selling your late parents house and the agent told you that the market price was $46 million dollars your might be quite happy. Then while packing up to get ready for auction you found a safe behind a picture you did not know existed. Upon getting it open you found it contained over $100 million in cash. The normal human reaction I suspect would be to consider that you were lucky you found it before you sold the house otherwise you would have sold something worth over $146 million for a third of its value. Well not apparently on the ASX.
Only your research can tell you what a company is worth looking at the price on the ASX on any given day, week or year is completely misleading in my opinion. RAD makes this perfectly clear. It was trading today at the same price it was before the announcement on Friday:
"Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the “Company”), a developer of a world-class platform of radiopharmaceutical products for both diagnostic and therapeutic uses, is pleased to announce that the US Food & Drug Administration (FDA) has granted Rare Pediatric Disease (RPD) Designation for its DUNP19 technology for the treatment of osteosarcoma. The RPD program is aimed at advancing development of drugs with the potential to treat serious, rare paediatric diseases. RPD allows companies to receive a priority review voucher (PRV) from the FDA at the time a marketing authorization is granted. A PRV can be used by the Company to expedite approval, or can be transferred/sold to other companies for use in the same manner. The price of two recent examples of PRVs sales have ranged from US$105 million1 to US$110 million2 ."
Did free money change RAD's price? The answer is there on the ASX for all to see.
Price of Brainchip shares as the Chairperson said will do what it will do but having done my research what it does on any given day is completely irrelevant to the fundamental true value of the company and my investment plan.
My opinion only so DYOR
FF
AKIDA BALLISTA