I continue to be amazed by the blinkered thinking of some who engage on the share market.
So for those who cannot see beyond what is directly in front of them I will suggest that they move their gaze slightly to the right and in doing so they will see that Westpac, ANZ, NAB and the Commonwealth Bank are all falling in the face of the global conditions.
Then I suggest they move their gaze this time to the left and they will see an ASX listed technology company AXE. In August last year it was trading at over $2.50 and today it is trading at 78.5 cents.
This fall in the AXE price of course makes no sense because as we know the failure to make ASX announcements is the cause of Brainchips price action but in AXE’s case they have made eight ASX announcements during August and September so far.
So for those wearing blinkers I have decided to share the following from an American investor friend of mine who I swap notes with which just might open their eyes to a set of global circumstances bigger than Brainchip being the cause of the current market volatility to the down side:
“The news just keeps getting worse and worse. Sorry to hear about your other large holding.
I can’t believe that nobody in Russia has put a bullet in Puto’s head to save at least the 300k of canon fodder and possibly many more if he does something really stupid and upsets Sleepy Joe Biden and our Generals who all have an itchy trigger finger when it comes to Puto (not necessarily Russia and it’s people). In fact, in much of the news I’ve been reading here lately, the overall level of patience with Puto and Xi amongst our government is running thin and I would not be surprised if we were to see some sort of skirmish that hopefully remains very contained. But troops, aircraft carriers and other large pieces of metal are being put into motion so things are definitely escalating. I hope the other two countries come to their senses and realize when enough is enough. If the US weren’t so damn passive all the time, a lot of this would not be happening. Who knows, maybe it has to come to a head to ultimately be resolved.
That 75bps raise was totally expected but good ole Jerome Powell is once again behind the curve and as you noted below he seems to have already decided we need to go much higher without even waiting to see what the first few hikes will do, despite very obvious slowing economic data here. He put the death blow on housing already which is one of our largest sectors. Most analysts firmly believe he will put us into a recession because of his reliance on lagging economic indicators. He needs to go. He has killed my portfolio this year.”
Now I personally might be overreacting to the importance of the matters mentioned by my friend in the States because my son and his family live in London and Puto and his Generals have been threatening to nuke London and Berlin and of course as we all know this is just the empty threat of a narcissistic dictator whose previous job was with the KGB which I understand was an organisation dedicated to protecting civil rights and freedom of speech and promoting the rule of law- (irony being employed).
See:
https://www.britannica.com/topic/KGB
“ Foreign intelligence allowed the Soviet Union to maintain rough parity with the West in nuclear weapons and other weapons systems. Inside the country, however, the role of the KGB was baleful. Scholars disagree about the human cost of the KGB and its
predecessors, but many estimate that they were responsible for the deaths of tens of millions of people.”
I am afraid to say that if I hear one more time that the present declining share price is a result of Brainchip not making a price sensitive announcement I will consider that it is either an attempt at some sort of humour or that the poster is seeking to support the activities of shorters and trader manipulators.
The entire world is under enormous political and economic pressure not seen since the Cuban missile crisis.
Take off the blinkers.
My opinion only DYOR
FF
AKIDA BALLISTA
Seriously though, I think that's a good price you got, although I reckon current macro environment will see the SP drop a little further, unless there's a big announcement on Mon. 
github.com
