Hang on, you are lumping market noise and market strategies together with the longer term prospects of the company. The both are completely separate. You are confusing trading with long term holders who may accumulate around support and may lighten on the larger ramps. There will be a ramp otherwise traders would not bother posting.This is panning out exactly how I thought it would, shorts are not being closed on market the sales of shares are within the daily normal range, retail are not selling they are used to this bullshit. Now this is and will play out exactly the same as last time guess what, YOU GUESSED IT, Our extemed Director and management have sold all us retail investors out again just like last time.
Where did the 30 million of share go to sophisticated investors. Who are the sophisticated investors the Shorters, the manipulators the ones who have driven the price down for the last three years. Has our directors and management acted in the shareholders interests FUCK NO. the shorters know that retail won’t sell are holding tight. You can see that by the share turnover of the last two days. Now you all watch the shorts close the arvo or next day that these new 30 million dollars worth are issued. Close they will at least 80% of them. Then ask yourself do I really want these directors and CEO in charge of this company that has just screwed every retail investor that holds shares. FUCK NO every director that signed off on this deal should and will be voted against in the next AGM. If you don’t you only have yourself to blame. I know a lot of you have been scratching your heads and even the happy clappers like the Pom is saying WTF IS HAPPENING. I have been saying this was gunna happen for the last three years, now watch it happen fools
You have not been telling us anything new, its all school boy stuff. The support levels are obvious from any chart on different time frames.
All holders can benefit from low prices, ever heard of topping up and lightening part or all on the bigger ramp ups?
Its normal for liquid, volatile pre recurring revenue stocks like BRN to hit support levels and this stock has for years. So if you believe in the game changing tech long term prospects it does not matter - just pick up a few more and maybe lighten on ramp ups - we just do not 'big mouth about it'
I have attached a monthly chart with the 250 Donchian channel. The longer term support levels are the bottom line.
The SP was always going to take another look at those levels and will ramp up from there and take another look later. That is just the market which is separate from the long term prospects of this company.