Tothemoon24
Top 20
Tata have had their fingers on SNN for sometime ;
I’ll take the liberty of booking the bus in for a service.
Deluded$0.275
You mean this afternoon?Yes did notice nearly 2 million shares in the sell off.
Agree but some of the pain we are seeing also needs to be attributed to the lack of material announcements via the ASX by Brainchip and I'm not talking about their routine twitter posts or news ( Twitter isn't official) and regular news podcasts, this has not happened in a long time.It’s not hard to work out what been going on and you don’t need spreads sheets an technical data to make the assumptions.
I have watched brain chip on the asx every day since they listed and have a pretty good feel for what’s playing out. The games getting played, getting pumped up and down, the buy and sell side ratio changing dramatically for no reason. The shorting may be the affect of what you are saying but it’s the shorting that has caused the drop in price. Without the shorting of what’s still outstanding 146 million plus over the time the ones that have been shorted and closed the share price would be a lot higher. Just my circle of family and friends no one has sold and all have added substantially to the overall total. I would even say some would be in the top 50 holders ( not me). Shorting may be legitimate but it’s a manipulative practice that is abused at companies and shareholders expense. Shorters have crippled many companies over the years and have a big hand in there collapse.
I follow your reasoning except for the part where not locking my door is an invitation to get burgled.You mean this afternoon?
Agree but some of the pain we are seeing also needs to be attributed to the lack of material announcements via the ASX by Brainchip and I'm not talking about their routine twitter posts or news ( Twitter isn't official) and regular news podcasts, this has not happened in a long time.
They update the market via Twitter and this strategy isn't the best as not all investors get their information from twitter. (Especially the sophisticated or wealthy)
If you look at the ASX announcement history, you'll see many releases involving share rights to the board members, one after the other, yet not one material contract release. If you look at another forum, shorters spread this narrative that the world is ending, and this creates the negative sentiment of what we see today so in my honest view there is both sides of the coin, the lack of contracts or revenue is what fuels the shorters. That's my honest view
I have not heard a single convincing argument in 8 years as to why shorting is beneficial to anyone but the shorters, those who lend to them and the market operator.
lol i just went under contract! with 58 grand stamp duty due which is my brn kitty left to buy. thanks melb govt!!Huh....just sell the house
thanks i had to break that barrier between a place other then no fixed address and brn shares lolCongrats.
As long as Akida has small fingers too lol.Been there and done that , not fun, but thankfully my Indian doctor has small fingers,
but seriously it is best to have it physically done compare to blood tests much more accurate.
But maybe one day with Akida it could be more accurate with blood test.
Not sure I follow that analogy, the point I was making is the absence of an important announcement for an extended period of time via ASX and the multiple share issue announcements they were constantly releasing weren't really conducive to keeping shorters away, it has the opposite effect and attracts them. We're at 27.5 now and I'm down close to $80k on paper many here probably similar to me.I follow your reasoning except for the part where not locking my door is an invitation to get burgled.
Somehow magically exonerating the act.
It is mathematically daft as well. The potential gains for shorting is 99% pretty much, although no shorter would go to that level.
The top company today was 50% up on the ASX and that can go multiples or infinity pretty much for years.
Hence shorters like targeting companies that can swing the other way quicker as well, like tech companies and play both sides.
It is also more dangerous as well. I hold AVZ too, although it is a very exceptional cirumstance, they have been suspended for nearly 18 months now. I am long there and also like many others we are stuck, but shorters are stuck as well, and they rely on moving in and out of postiions. Do they think the company will resume trading if the prospects are not in their favour? They are crying over there in short land and certain newspapers <cough.. > like we have know previously at BRN are writing negative articles about AVZ's prospects.
What we need is a trading halt because of an important announcement for two days, let them suffer for a bit, then a household name signing in a joint venture with BRN would be just flippin great.
As long as Akida has small fingers too lol.
Congratulations MDlucky you! i just bought a house so can't buy anymore for a while
Isn't the next 4c out in OctoberNot wanting to be negative... So, I am positive that for now the pain will continue.
Yes of course something fuels shorters all I was saying was it’s shorters action that caused the drop because without shorters it doesn’t happen. I haven’t argued the fact the BRN under performed. What doesn’t make sense is someone that doesn’t own a share of a company be given the right to move the companies worth. 8% of shares have manipulated 100% of the shares.You mean this afternoon?
Agree but some of the pain we are seeing also needs to be attributed to the lack of material announcements via the ASX by Brainchip and I'm not talking about their routine twitter posts or news ( Twitter isn't official) and regular news podcasts, this has not happened in a long time.
They update the market via Twitter and this strategy isn't the best as not all investors get their information from twitter. (Especially the sophisticated or wealthy)
If you look at the ASX announcement history, say for the last year, you'll see many releases involving share rights to the board members, one after the other, yet not one material contract release. If you look at another forum, shorters spread this narrative that the world is ending, and this creates the negative sentiment of what we see today so in my honest view there is both sides of the coin, the lack of contracts or revenue is what fuels the shorters. That's my honest view
Well said and I'm in agreeance.Yes of course something fuels shorters all I was saying was it’s shorters action that caused the drop because without shorters it doesn’t happen. I haven’t argued the fact the BRN under performed. What doesn’t make sense is someone that doesn’t own a share of a company be given the right to move the companies worth. 8% of shares have manipulated 100% of the shares.
The result would be a fairer and less manipulated playing field where people who actually own the shares can decide to buy or sell.@Cartagena
I do like your analogy of rats....and what would be the result if we cleared our island of rats? Businesses would be free to go about trying to create value over time and investors and traders can decide between themselves the value of said company in real time based on a range of investment horizons and views.
Not the abstracted, highly entitled bull we get now. ie, back scratching mobsters