BRN Discussion Ongoing

[VictorG]

What is going on. Why is this sudden drop.

Many possible reasons, here are a few!
1. The sellers must have margin call and need cash fast.
2. The buyers are willing to soak up all the shorters without pushing the price up.
3. Low volume + big movements = most likely rebound.
4. It's an early Christmas present for the true believers to top up.

 

[Mccabe84]

Im guessing the shorters are at it again. Oh well just means I can buy more for a cheaper price

 

[Foxdog]

Many possible reasons, here are a few!
1. The sellers must have margin call and need cash fast.
2. The buyers are willing to soak up all the shorters without pushing the price up.
3. Low volume + big movements = most likely rebound.
4. It's an early Christmas present for the true believers to top up.

Done, just grabbed more at .63

 

[Sam]

Im guessing the shorters are at it again. Oh well just means I can buy more for a cheaper price

Interest rate rise and US market is down also doesn’t help

 

[Mccabe84]

Interest rate rise and US market is down also doesn’t help

It helps if you’re still accumulating

 

[wilzy123]

Oh well just means I can buy more for a cheaper price

I personally just took advantage of this.

 

[Diogenese]

Another interesting dot to dot.
Further to the job add for IMEC

I think this is significant. Also didn't RobT talk about a telecommunications company (Nippon Telegraph and Telephone Corp.)

"A newly founded Japanese semiconductor company aiming to revive Japan's chip industry signed an agreement on Tuesday to collaborate with a Belgian research organization in developing next-generation chips for production in Japan." (aka IMEC)

"Economy and Industry Minister Yasutoshi Nishimura told reporters that the new company, Rapidus, which was launched last month by eight Japanese corporate giants including automakers, electronics and chip manufacturers, is teaming up with Imec, a Leuven, Belgium-based research organization known for nanoelectronics and digital technologies key to developing next-generation chips."

"Its members include automaker Toyota Motor Corp., electronics makers Sony Group Corp. and NEC Corp., SoftBank Corp., Nippon Telegraph and Telephone Corp. and computer memory maker Kioxia."

"Rapidus plans to send engineers to Imec and forge ties with other research labs and companies outside Japan."

2022-12-japan-belgium-cooperate-chip-production.html

Hi Macca,

It is significant, but it is not Akida.

IMEC is analog NNs.


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[wilzy123]

Podcast out

I just skipped straight to "If you could be one super hero, who would it be, and why...".

Was the rest any good?

 

[FJ-215]

What is going on. Why is this sudden drop.

Hi Pmel,
Plenty weighing on the SP at the moment.
> Overnight talk of recession in USA 2023 (buyers drying up - hurting the whole market today)
> Shorters taking advantage of this
> Chart wise. Old support is rolling off the 1 year, need to go 2 year to find it, shorters to test to the downside.
> No news likely before the new year. Funding with LDA Capital resets Jan 1st. News and LDA go hand in hand imo.

I'm throwing darts blindfolded like everyone else, all guess work.

 

[FabricatedLunacy]

Oh wow… Friday already

 

[David holland]

What is going on. Why is this sudden drop.

How can a product that has been linked to some of the biggest names continuing going south, ,good luck to the CEO nxt agm if the shareprice is doing nothing

 

[Wags]

Hi Macca,

It is significant, but it is not Akida.

IMEC is analog NNs.


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US2020210822A1 Multibit Neural Network


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Thanks Dio.
Although disappointing, you are one clever dude, and a big assets to this group.
Just goes to show how much I don't know, ha
cheers again, back to my corner.

 

[Deleted member 118]

Not much to sing about today, so might as well have another Xmas song.

 

[Fact Finder]

​

​ ​ ​ ​ LATEST FINANCE NEWS ​ Annual GDP misses forecasts: ASX down 0.81% at noon 07 Dec 2022 - The local bourse is continuing its losing streak after major US indexes fell overnight, with recession concerns continuing to weigh on markets. At noon, the S&P/ASX 200 is 0.81 per cent or 59.20 points lower at 7,232.10.

Perhaps Albo could give the CEO a call and ask him to make an announcement to pull the World economy back into positive territory.

Come on Albo the World needs a Brainchip announcement.

 

[Mccabe84]

I personally just took advantage of this.

Lucky you, I have to wait till Tuesday!

 

[skutza]

I love it when a plan comes together. I bought some 4DS shares when it dropped. Fear was ripe and panic set in. In a very small amount of time I have been able to 2.5x my cash, sell 60% of my 4DS today and I just bought 2 lots of BRN shares at 63 and 63.5c. These are for my children, I wonder where they will be in 4 years and 6 years when they turn 21. The best thing is, they were basically free. Sometimes fear in retail can be a blessing, both her and there. Yep, a bit of sugar coating on a small cap is always a good time to sell.

 

[equanimous]

I personally just took advantage of this.

same here

 

[Fact Finder]

I don’t hold AXE shares but like to keep an eye because it too is a revolutionary first of its kind technology stock.

Just now on the Commsec App which limits the history you can access but AXE has done everything some here want Brainchip to do and it has made eight price sensitive announcements during the same period as Brainchip has made three and AXE has had reassuring handholding CEO presentations and it was unable to hold its place in the Technology Index.

The reality of retail investment life at the potential high risk high return end of the ASX market is institutional and freelance manipulators hold sway over the share price most of the time.

This is a fact of life that you need to accept if you want to achieve life changing investment returns as a retail investor.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Straw]

In regards to our company name I would prefer Akida. It's not confusing and a lot cooler, saying that at some point you are known as something and sometimes it just sticks.

 

[Earlyrelease]

Thanks Dio.
Although disappointing, you are one clever dude, and a big assets to this group.
Just goes to show how much I don't know, ha
cheers again, back to my corner.

Macca
Concur with your comment re Dodgy knees. He is an asset to this group as are a number of great informative posters so thanks too