DingoBorat
Slim
I think it has more to do with the extra shorts taken out last week (more than 8 million, just from info on here, so possibly more).One of the possible reasons why Brainchip's SP is down today:
"Shares of ASML (NASDAQ: ASML) were tumbling today after the leading producer of lithography equipment for semiconductors accidentally published its earnings results ahead of schedule this morning, and disappointed the market with the news."
ASML's share price was down nearly 16% overnight, which has also had an impact on a number of Nasdaq companies.
They can be sold into a strong buy side, to soak up extra demand and bought back lower later, when it's subsided, as well as used to push down.
Volume, is still relatively high, which is a very good sign, but we really need a substantial solid announcement, confirming BrainChip's Future, as we all know.
If that happens, shorters "may" get somewhat caught out a bit, but they have plenty of dirty ploys and ways out of tricky situations, that they have learnt from years spent being one of the parasites of humanity.
It won't matter though, as we will get the increase in Company valuation, that we know is possible and I think it will be substantial.