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I just had a quick look over at Commsec for the first time today triggered by your post and Foxdog's.despite having been a shareholder since about 2015 ( and seen those single figure lows!), I really don't enjoy these downdraughts. BRN is now down almost 50% from its highs and that is material. With such extensive retail interest already, we lack fresh buyers between announcements. I just saw Foxdog's message> hopefully he can generate some interest.
To misquote REM, I am not "losing my religion", but it is testing seeing such large mark-to-market moves in the portfolio. its all about greed and fear.
When we ran out of retail investors and institutions did not have Brainchip on their radars which is 8 to 10 months ago give or take we would have daily volumes of 3 to 9 million odd shares. Today over 30 million have traded according to Commsec as at about 2.40pm. Every share on my watch list, which contains many I do not hold, are very red, one might say blood red. Some have quite low volumes though which indicates to me that the present market conditions mean that retail pretty much have no sentiment for accumulating in the present environment.
So this begs the question who or what are accumulating Brainchip shares in these numbers? Certainly not retail on past experience and on what is happening in the market generally.
If we accept that institutions do understand that there has been absolutely no change in Brainchip's fundamentals then it stands to reason that they are taking advantage of retail fear and gorging themselves giving high fives and laughing all the way to the bar to celebrate meeting targets for less money and sooner than expected.
Perhaps this is totally wrong but just like Foxdog I have not yet pulled the trigger on purchases I intend to make on other shares because I am not certain about what will happen in the Ukraine tomorrow now that Russian Peace Keepers are reportedly going in.
What are other retail meaning those who post here doing?
If you are doing the same as myself and Foxdog then someone or something must be buying and perhaps also selling just the right number to keep sliding the price down to keep the bargains coming??
My opinion only DYOR
FF
AKIDA BALLISTA