BRN Discussion Ongoing

[Proga]

It's a nice day and the upward movement is overdue as we were well oversold.

Unfortunately we are still under quite decent manipulation by instos until we have real revenue linked news.

The stock been massively oversold like most smaller cap tech stocks with no profits and a lot of these smaller tech stocks with great prospects are running up in price now as Bond yields are slipping in the US so there is a natural pivot back to equities that have been oversold and instos are ready for the returns on those in the next economic cycle - this is a massive shift this last week for many smaller tech stocks and finally it is BRN's turn. But instos still in control until Brainchip management can control the SP with some revenue. This buying back in of instos will run for a bit now - where to you can't be fully sure but hopefully back to .35 to .40 over the next month.

Until there is real revenue changing or big partnership with assumed revenue news we will be staying below .50 is my guess.

I am hoping that Brainchip release some nuggets very soon though as they have hinted at, as they need to start announcing some great deals soon to get the price back up near $1 by the next AGM otherwise they know what is going to happen!

Go BRN!

We'll know in the next few months if not before if MB are using it in their MMA platform. They're always tight lipped during development but start dropping info as the release nears to create hype ie what Magnus is doing atm with his "what questions do you want me to answer".

 

[toasty]

Seems like the Investors presentation worked out well and someone got in eagerly. Would be very pleased with a close above 20 cents for the week.

What could they possibly have told potential investors. Any trade that's based on info that's not available to the wider market would be insider trading.........

The buy side is stacked higher than I can remember atm with the sell side very thin. Could this be the start of a short squeeze? We can only hope........

 

[Bravo]

WEARABLES.. The word du jour!

This bodes very well for for us methinks, especially given the new Akida™ 2.0 architecture!

Wearable Payment Device Market To Reach USD 184.4 Billion By 2032

The expansion of e-commerce and the adoption of IoT-enabled connected devices boost the wearable payment devices market.Fort Collins, Colorado, Nov. 07, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the wearable payment device market was valued at USD 46.3 Billion in 2022 and is...

finance.yahoo.com

 

[Learning]

YAY!!!! It's the 20 cent naked hot tub party! Crickey, that one caught me off guard..

View attachment 49027

Yeah,

Just got internet. And thought Optus must be playing up.

Learning

 

[Getupthere]

I would be very disappointed in our company if the investment presentation held is the reason why this pump is happening.

We don’t need a pump to do a CR at a discounted price.

I would hope our company is better than that.

 

[Damo4]

Difficult not to get excited, it's been a while. Reminds me of the good old days back in 2015.

View attachment 49047

We eating good tonight

 

[Mccabe84]

Shorts covering ?

 

[buena suerte :-)]

Shorts covering ?

Not seen this Buy/Sell ratio for a loooooong time!!

 

[Labsy]

What is going on??? Is someone snapping up shares or are shorts closing?? perhaps both?...

 

[mrgds]

What is going on??? Is someone snapping up shares or are shorts closing?? perhaps both?...

 

[wilzy123]

What could they possibly have told potential investors

Most likely what we all, already know. All it takes is for someone new to see the capabilities, vision, and existing market validation of this product, and then momentum builds. That's the whole point of doing investor presentations.

But you knew that, didn't you......................

 

[mrgds]

Most likely what we all, already know. All it takes is for someone new to see the capabilities, vision, and existing market validation of this product, and then momentum builds. That's the whole point of doing investor presentations.

But you knew that, didn't you......................

View attachment 49051

Ill agree @wilzy123 , ............... "what WE already know" and i'll add, what many "deep pockets already know or are just starting to realize"

It sucks how the market can be so heavily manipulated, but as we all know, ................PANTENE

 

[Labsy]

View attachment 49050

Wouldn't that be a dream...

 

[Esq.111]

View attachment 49050

Or maybe...

 

[manny100]

I wonder what they presented to the potential investors given we haven't landed any new IP deals, new revenue, and there was almost 0 market sensitive annoucements other than new product releases and financial statements...

I hardly doubt investors will naively believe that our tech is amazing when there is absolutely nothing that backs that statement up financially...

Given MegaChips took a massice stake in Morse Micro, I wonder if that door is also open for us...

Looks like you may have been a little, err heaps off the mark. Today at least.
But yes todays action is a welcome surprise.

 

[buena suerte :-)]

Looks like you may have been a little, err heaps off the mark. Today at least.
But yes todays action is a welcome surprise.

 

[Fastback6666]

What is going on??? Is someone snapping up shares or are shorts closing?? perhaps both?...

If you following Share Price charting - a technical BUY was also issued on BRN stock yesterday - as the stock had been steadily moving up and confirmation of some buying support was there. That is part of what today is, the other part is we were mass oversold and mass selling had been primarily complete for a while and simply time to move back up with tech sector sentiment improving in the last week.

Honestly Instos could only hold the price down below .20 for so long as that was stupid cheap... you could see the instos buy and sell walls holding the price down below .20 on the daily - it of course will continue as have no doubt that there is mass accumulation occurring down here at these levels by instos grinding and keeping the price down here as long as they can while they grind away at any buys they can get!

The move has nothing to do with company news.

Simply the tech sector recovery has finally made its way to BRN.

What Brainchip management need to take advantage of here is release some damn good revenue associated news along with this recovery then watch the

 

[DingoBorat]

Those that have sold shares the last few days and just got their Optus internet connection back..

But yeah, what's going on today ..

 

[Damo4]

Those that have sold shares the last few days and just got their Optus internet connection back..

View attachment 49061

But yeah, what's going on today ..

Hopefully we can follow in South Korea's footsteps.
Shorters can eat an honest **** imo

 

[Galaxycar]

For those watching the sell side there is a 1080000 trade that keeps on changing from 23.5 to 24 to now $0.25 someone is propping the sell side by 1million shares and pulling or selling to themselves at the last minute.