McHale
Regular
I put up a chart with my post #68,839 on 26th Oct, so have updated the chart and elongated box F, which was 26 days old on 26/10/23.Great post @Fastback6666 ................... its been my "uneducated veiw" that the accumulation has been happening all the way down from at least 50c
The accumulators haven"t cared whether they buy at 50c, 40c, 30c, as imho they know its worth much more, but of course with deep pockets they were able to drag the s/p down to rediculous lows. I genuinely feel for any shareholder that had to sell for any unforeseen circumstance.
Here's hoping Sean's and Tony's "Un-announced Investor Trip" will warrant a positive price sensitive ann soon!
I said at the time that box F was beginning to get long in the tooth, when compared with most other boxes since the start of the year, so here we are 8 trading days later and we have broken out of the box, and it's in the correct direction.
A lot of shorts are feeling the squeeze right now, Fri 17th is options expiry date and if the S/P stays at around this level a lot of shorts get burnt. Someone has thrown a lot of money at BRN today and I suspect that they have been lightening up on their short options over the last week and went long today (and hard too - largest volume day in nearly 2 months), so it becomes a battle between the shorts and longs, but if prices stay where they are, there will be more and more shorts looking for the exit before the 17th.
Time will tell, the buy sell ratio looks crazy good, tomorrow morning will see the players take their positions, regardless someone has decided that it is time to take a different position on BRN today,
On the speculation about a CR, I don't buy it; BRN would not be looking to raise capital with the share price where it has been, they certainly have enough money to continue for several Qtrs, there is also the LDA scenario to play out. Also with the Akida 2 now available to EAPs and NDAs you might think that something could happen on the contract front, so why would you want to front run that possibility, when you might might CR at a significantly better price point going ahead, whilst you are still sitting on plenty of cash. Doesn't make much sense to me - but I could be wrong. Speculations of all sorts here can still be way out there though regardless, mind you I don't mind healthy respectful discussion, everyone has a right to their view, but we also know that some can get pretty boring.
Why was Seans' visit to Oz not communicated to S/Hers??? Not good IMO.
The Nasdaq has been feelin the love since J Powell held rates steady last week, this has also given impetus to tech stocks. Short personal story, I have been a lapsed catholic since I was 13yrs old (pushing 72 now), have gone back to praying (my own prayers), but believe it or not, I put up a small Jesus tapestry in my office this very morning, part of my dreaming/motivation/prayer was that he was going to bring me a change of luck, very happy with his form so far.