2022 BRN Discussion, page-4066

Hey Yak52, do you really think its euro/US buying driving this? The volumes being traded don't seem significant to compared with the volume on the ASX.- Rhannnaeman
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one word. ARBITRAGE .

The continual Buying up (even on low volumes) and holding of BRN in Germany as well as USA Markets helps support our own SP. These Markets trade at the opposite side of the 24hr clock so our actual Day trading movements do not immediately effect them as well. The ASX gets to settle down and then the Other O/S Markets start trading based on the closing price of the ASX.
Since its in a long up trending Phase the close of each Markets (ASX vs O/S) is higher which supports the other and because of potential for Arbitrage to occur it automatically drags the other Markets SP up after opening.
It would take a very heavy sell off and big losing SP at close to change this scenario. Its also possible that a "safety" blanket exists whereby the "other" O/S Markets stocks have been bought up in mass by long term holders etc who just REFUSE to sell them even if The ASX BRN price drops savagely and thereby cause a situation of differing Market prices and Arbitrage is conducted thereby dragging the ASX pricing back up to O/S Market levels!
If Arbitrage potential exists particuly on large pricing differences, then those capable will definitely carry out these trades possibly helping to level out the various prices globally. ( think of the Market Makers here)
AND that is a key definition now.
GLOBALLY.
for that is what BrainChip the company now is and so is its Shareholder base and stock price!

The smarts applied by the Management previously by setting up O/S markets was a genius move. They will not be influenced so much by the pump'n'dump games of the ASX thereby stabilizing pricing globally.

Perhaps we should all be now thinking in terms of a Global price for BRN and what is its true value in that Market? Hmm?
(are we seeing that idea reflected in the SP now? perhaps.)


Yak52