Well what a farce this ASX Market place is yet again! The ILLEGAL BoT Trading & Price manipulation is seen at its worse after open this morning.
EUROPE opened and ran up to AUD$1.30 before retreating and staying at AUD$1.15
USA Opened at AUD$1.16 and stayed there for the whole night.
ASX opens at AUD$1.07 goes up to AUD$1.09 then gets smashed back down to almost yesterdays close and bottoms at AUD$1.03
Current trading at AUD$1.04
Shorters with BoTs are pushing the SP into a false price valuation and many have sold out today (16 mil Vol) well below World Pricing of BRN stock.
On a good note the daily Shorts added have now dropped to only around 300,000 shares daily, instead of 2.6 Mil daily like last week.
The SP just hit $1.02 which was yesterdays close . Yet Overseas was up 16% and valued BRN stock at AUD$1.15.
Go figure.
Yak52
A 30% disparity in price of the same commodity is untenable. It WILL have to resolve itself.
In this instance let’s hope the overseas forces prevail.
But then, staying around $1, on no news, isn‘t a bad thing either.
Investing is a long game and the technology will prove itself in the end. We’ll probably only have to wait another 6 months and Akida will be more well known.
I’m encouraged by the number of people who now know of the word neuromorphic and what edge device and edge computing means. I did my bit to promote Akida in the AIoT (without naming it) by editing the
Wiki page to better fit the unconnected approach that only Akida can currently achieve. The last paragraph is my edit.
Just 12 months ago, those terms were quite foreign to almost everyone.