2020 BRN Discussion, page-18009

Hi stan9614
A trader who posts here tells us what actions he has taken which I find very useful even though it is post the event. Yesterday he stated he had as a result of his trading during the day added 70,000 shares to his portfolio. If he paid 36 cents a share the 70,000 shares would have cost him $25,200. To make $25,200 on a day when the range of the price was a maximum of 4 cents if he struck 4 cents profit on every trade he would need to have sold 630,000 shares making 4 cents profit on each trade. He would then have had to buy back the 630,000 shares plus an additional 70,000 shares which would mean a total of 1,330,000 shares would have been traded across the buy and sells. Yesterday that 4 cent gap or profit would have been difficult so most likely many more trades were required to achieve this outcome.

That poster may be a major player then again he may not be depends on where you stand I suppose but in drawing your conclusions about who is trading it is better to be conservative as lots of different sized fish are swimming on the ASX and buying Brainchip shares.

My opinion only DYOR.