That explains the downward motion from $0.44 to $0.39 on the NYE (31 Dec 2024)!
Let's guess how many units of shorts have been added today to bring it down from the intra-day high (so far) of 0.45 to 0.41 just now!
We shall see tomorrow! However, one thing for sure - the more short positions the shorters add, the more they have to buy back at an inflated price.
CES 2025 is just around the corner... and coupling with the bullish investor podcast released on NYE, I won't be surprised to see a trading halt and more news coming!
Anyway, Brainchip is doing well on its first trading day of 2025! Glad I have topped up a bit of Brainchip on NYE close.
All in my opinion only. DYOR! Good luck to all long term investors!
BRN Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
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