BRN Discussion Ongoing

[Xray1]

And they will go Long if the SP does not go back down. These guys are not some parties with ill intentions to run down the company, they are just opportunists looking to make a buck. Reason being, there is only a very few percentage of shorters who are 100% shorts, and only a handful of 'bear market' index on ASX.

BRN is in the top 10 shorted stocks, and that is because of we have next to nothing revenue, no regard to SP from management and no IP contracts and sales coming through.

If the above 3 issues were reversed and fixed, we would have NOT been in the top shorted stocks, is my view.

All good DingoBorat, we can agree to disagree, which is what makes the market.
Thanks for your input and pov, appreciate a decent respectful convo !

I think there will still be a few shorters hanging around willing to take a big gamble on the situation that the Akida 2 ASX announcement will not be released this month ?? !! or that it just might not be an actual ASX announcement but only a Co social media release ?? !!

 

[stan9614]

Anyone who is not sure if the release of Akida of 2.0 will be definitely happening by end of this week, don't be.
The release of Akida 2.0 general availability is confirmed to be happening either tomorrow or on Friday, （mostly like Friday）
And it will be announced via ASX.

 

[Drewski]

 

[Vladsblood]

Anyone who is not sure if the release of Akida of 2.0 will be definitely happening by end of this week, don't be.
The release of Akida 2.0 general availability is confirmed to be happening either tomorrow or on Friday, （mostly like Friday）
And it will be announced via ASX.

I only hope they announce it before market open and not after market close !!
Teksun/Renase's roadshow around the start of October looks like it has a reason behind it so i'm thinking that its coming immediately after the Akida 2 release so as to get the early access crew to begin signing on the dotted line$$$$$$ Vlad.

 

[DK6161]

If 2.0 is already available, then why not just formally announce it now?
Why wait until after close on the last trading day in September?
What is that going to achieve?
Are we all just excited about nothing really?
Frustrated!

 

[jtardif999]

That is proving two theories
1. Holders buy the shares at a higher price than what market thinks it should be and now they are finding it hard to prove their old decision was right.
2. Management is too inexperienced to manage through these times. To me it should not gone that much down. It only broke quite a few genuine holders and they are not sure whether to invest more or stay or leave.
Dyor

Management have nothing to do with the SP drop. Management have highly experienced backgrounds in commercialising semiconductor IP.

 

[DK6161]

With the way we're going right now, we will be down to 15 cents by Friday COB.
Regardless whether 2.0, 2.1, 3.0 or whatever is released.
Unless it's a commercial agreement announcement, not sure what all the excitement is about.
I am praying that I am wrong though.

 

[DingoBorat]

Hey BaconLover, BrainChip is in the Top 10 most shorted stocks on the ASX.

Shorted stocks on the ASX

A list of the most short sold stocks on the ASX. See which companies have the most short selling activity or search by specific company.

smallcaps.com.au

View attachment 45640

There are Companies that are shorted much more in the World, but I don't understand how a company could be shorted 100% unless there was 100% institutional ownership and then so why are they holding??

Makes them sound kind of stupid?
But maybe I'm missing something?..

Short Interest - MarketWatch

These are the companies with the largest proportions of shares available for trading currently sold short.

www.marketwatch.com

View attachment 45641

Shorts are never "long" to my understanding, as that defies the definition of being "short"..

I think you are confusing different market participants, or describing players that play all angles.
Shorters will happily sell borrowed shares on a rising stock, with strong demand, but the intention is always for the price to come back down and re-buy the sold "borrowed" stock.

I still think my analogy of a War, fits in my own mind.

Wars are always fought, with some sort of gain in mind and these days, it's usually financial.

The fact that games are played on both sides, doesn't mean it's not a War, in my eyes.

Interestingly, you have to get to the 46th most shorted stock in the World (over 600 million shares on issue) before you find a company that has more than 225 million (22nd spot) shares on issue and it's short position is a little over half the most shorted stock.

Most have around 100 million shares on issue, or much less, which suggests there wouldn't be the volume and liquidity, to make shorting them very profitable (at least not quickly).

So considering our quite large float (and the fact most companies on the ASX would have many more shares on issue, than the most shorted in the World).

I'd say we do have a very large short position, even by World standards.

But sorry, enough about shorts already ..

 

[Mccabe84]

Shorters trying to keep the price down so the can manipulate it down further after 2.0 is announced

 

[Home101]

Whatever, bought another 25k parcel for myself at 18.5 cents.

 

[FlipDollar]

Management have nothing to do with the SP drop. Management have highly experienced backgrounds in commercialising semiconductor IP.

So where is the commercialisation?

 

[Iseki]

Management have nothing to do with the SP drop. Management have highly experienced backgrounds in commercialising semiconductor IP.

They haven't had any experience in commercializing while at BRN. Maybe that has something to do with the SP drop.

 

[Schnitzel lover]

Anyone who is not sure if the release of Akida of 2.0 will be definitely happening by end of this week, don't be.
The release of Akida 2.0 general availability is confirmed to be happening either tomorrow or on Friday, （mostly like Friday）
And it will be announced via ASX.

Do you think it will be rated market sensitive by the ASX considering it is a confirmation announcement?

 

[Iseki]

Whatever, bought another 25k parcel for myself at 18.5 cents.

Why not wait until it stops dropping?

 

[Iseki]

Do you think it will be rated market sensitive by the ASX considering it is a confirmation announcement?

I think it will be rated "Surpriiiiisssse!!"

 

[DingoBorat]

Why not wait until it stops dropping?

If I had more funds available, I wouldn't be waiting..

But then, my impulsive share buying strategy hasn't benefited me thus far ..

 

[Cartagena]

Good morning @DingoBorat

Your GIF actually reminds me of the poor shareholders who have ''averaged down'' all the way to 19 cents.
Kept thinking the wind will turn and they could peacefully have a piss, but the wind turns when it turns, there is no pointing in fighting.
All they had to do, is either turn the tap off or just turn around but I guess we all have our biases when it comes to being right or wrong.

Which brings me to the point, shorters don't care being right or wrong. They are in here to make money, which as we all know, they have, in plenty. This ''battle'' is not a battle at all, it is just a punt. These shorters are not some countries where they gather to attack some middle eastern area because they found Oil.

The shorters are just punters. How?
Addressing your point #1, Well, now the SP is deteriorating they are turned around to piss, the moment the wind turns and there's a splash on their face, they will turn around to the right direction, in this case along with us and come for the ride on the long side. We would think that we have ''won'' the war, but these guys are pros with risk management in place. As your chart suggest, nearly 1.5% shares are already covered. There is a small uptick but as any chart it could be just seen as a ''relief rally''.
So even though when the SP appreciates, we may think we have ''won'' the war, those shorts are now long. Some of those will also have hedged positions, some may play the arbitrage. Sure, just like us they lose money too, but it is all a numbers game where risk management and position sizing come to play.

Addressing your point #2, I'd have thought that removal from ASX200 would reduce the number of short available for the big instos, but I am not 100% sure on this.

My theory is we are looking at the wrong picture here concentrating on shorts. We ''only'' have about 6.5% shorts here, where as some of the companies overseas have 100% or even more in US. That would create a short covering explosion.
So in comparison 6.5% is not huge.

However, once the moment management become proactive with contracts and sales, this 6.5% will surely help us a bit. As you said, with substantially low volume and unavailability of short covers.

So a few things happen at the same time when we have some substantial news from the management on ASX.

1) Shorts will cover
2) These shorts will then become Long.
3) Investors who jumped out of the ship will jump back in.
4) Investors who have never heard of us will have a look.

All these will ensure we are taken care of as evident from a couple of years ago.

I personally think we are so glued on to what shorts are doing, and how they ''manipulate'' things, well look, it is not under our control.
Management and sales team just need to do their job, and we all will be Happy as Pharrell Williams.
Management repeatedly say ''SP'' is not under their control.
Well that is a load of BS.
Every time they have announced an IP contract or something substantial, there has been SP rise. So it is under their control, to some degree. The rest is human emotions and sentiment.
Now we are here because we have not had any news through proper official channels, i.e., ASX.

As to your prediction, I'd love to see the SP in 30 cents. Hopefully a close above 33.5 cent mark. That will sure bring some interest back to Brainchip imv.

Have a great day!

Very good post. I would love for this to be a stock that I can just set and forget but unfortunately it doesn't work that way. To own Brainchip you need to be an active investor and monitor the SP movement as it will save you lots of cash if you buy lower and sell your previous higher parcels like I did at 20cents. I think 18 cents is a very good support and the buys at 18.5 have been strong today.
Yes the stock will swing up and down due to funds being greedy, accumulating tactics, shorters etc and this is the source of our headaches when we haven't had any decent ASX announcements for a while besides Patents and Share issues. It would be nice to know that after you make a large investment of 50K shares for example that the price won't be manipulated or pushed down. As you mentioned, once we hear of something major and material from management that will improve investor confidence and therefore move our share price north. After all, a lot of us don't have bottomless pockets or are on mega salaries or share perks like our management, and so we need to be actively managing our buys and sells.

 

[rgupta]

Management have nothing to do with the SP drop. Management have highly experienced backgrounds in commercialising semiconductor IP.

Donot you think the sp reflects the experience and work of management?
as one example shorters started their game approx 2 years, and they become merciless since it was 50 cents and management is coming out and telling us
a. Shorters will do what they have to do.
b. Akida 1000 was not robust enough to support the sp. ( I think that is what motley fool was saying for a year)
Yes the prices look very opportunist but a solid calm from management is not helping the holders.
How will someone invest in a company when things are going down freefalling and management is looking as spectators.

 

[BaconLover]

So where is the commercialisation?

The only question I ask myself is this;

1) IF/WHEN the management brings in contract or revenue, would the SP appreciate?


If your answer is yes, it tells you that management have direct relationship and ability to influence the share price
If your answer is no, then I am not sure why we play this game

 

[DingoBorat]

Very good post. I would love for this to be a stock that I can just set and forget but unfortunately it doesn't work that way. To own Brainchip you need to be an active investor and monitor the SP movement as it will save you lots of cash if you buy lower and sell your previous higher parcels like I did at 20cents. I think 18 cents is a very good support and the buys at 18.5 have been strong today.
Yes the stock will swing up and down due to funds being greedy, accumulating tactics, shorters etc and this is the source of our headaches when we haven't had any ASX announcements for a while besides Patents and Share issues. It would be nice to know that after you make a large investment of 50K shares for example that the price wont be manipulated or pushed down. As you mentioned once we hear of something major and material from management that will improve investor confidence and therefore move our share price north. After all, a lot of us don't have bottomless pockets and need to be actively managing our buys and sells.