Fastback6666
Regular
Hi Fastback6666,
For sure mate, we all never would have thought the share price could have come back this far, it is just some exceptional circumstances though: No large commercial revenue as yet and was expected by now, revision in tech to suit market more, drop out of ASX200, correction in small cap tech stocks globally, high interest rates, potential recession looming. Wow - pretty crazy when you think about it.
So many confounding factors to drive the SP lower and if you look- the SP is the lowest in oversold territory on the chart in at least 5 years! On that longer time scale that is a huge.
The question is - where is the general tech market and Brainchip heading from here.
It’s an opportunity or a death spiral for the company right - everyone just has to decide which one it is!
I see the SP tanking as mostly unlucky timing from the tech sell off, high interest rates and tighter economy- then falling out of the ASX200 was just the climax on top and that was a bit unlucky that it has played out all together.
If they had just fallen out of the ASX200 and not all the other stuff then I would expect we would still be up around 50 to 80 cent range and expect it to return there fairly easily once the shorters/manipulation exit here at these prices and more news flow.
That's something we holders have seen beyond our wildest thoughts share price movement has certainly caught a lot of us by surprise not a quick surprise as in quick sudden drop but a slow stealth sort of drop filled with she'll be right it'll bump up againyes a lot traded yesterday and the drop was a drip but still painful for some I honestly wish I didn't get my order hit, but if life throws some lemons your way why not not make some lemonade. Beats orange juice that's for sure.
Hopefully share price can move Fastback to higher prices shortly.
For sure mate, we all never would have thought the share price could have come back this far, it is just some exceptional circumstances though: No large commercial revenue as yet and was expected by now, revision in tech to suit market more, drop out of ASX200, correction in small cap tech stocks globally, high interest rates, potential recession looming. Wow - pretty crazy when you think about it.
So many confounding factors to drive the SP lower and if you look- the SP is the lowest in oversold territory on the chart in at least 5 years! On that longer time scale that is a huge.
The question is - where is the general tech market and Brainchip heading from here.
It’s an opportunity or a death spiral for the company right - everyone just has to decide which one it is!
I see the SP tanking as mostly unlucky timing from the tech sell off, high interest rates and tighter economy- then falling out of the ASX200 was just the climax on top and that was a bit unlucky that it has played out all together.
If they had just fallen out of the ASX200 and not all the other stuff then I would expect we would still be up around 50 to 80 cent range and expect it to return there fairly easily once the shorters/manipulation exit here at these prices and more news flow.