BRN

2.22%

22.0¢ brainchip holdings ltd

Yes.Exactly why it is trading sideways.Majority of shareholders...

First 10370 Last

Share
Profile

Follow
Element85

590 Posts.

295

22/05/21

14:47

Post #: 53349883
Share

Originally posted by kasta1: ↑

I just had a thought.

When “speculative BRN” came out with news that interested investors (LTH and the others including big players), people started buying (and selling) the stock. Some stock was sticky and some remained fluid. As we saw back then, there was a quantum leap in volume (and price) when BRN came out with the news around Sept20, that took the SP to amazing levels.

I have see quoted on HC that we have now 37,000 holders of BRN. And I’m sure a lot more that want to hold but think they don’t want to risk getting in after such a big rise we had.
“ The watching waiters ”

Now my point.

When BRN come out with new news of another (followed by more and more) deals with whoever, there will undoubtedly be heightened interest by big players. However let’s discount these guys, and just simply look at the 37,000 investors.

Each of us no doubt excited as the news is now confirming the immense revenue that is coming. And we want more.

Let’s just think small and each investor wants to spend an average $1,000 on the stock (deliberately chose a very small number so it can be imaginable .. but you can extrapolate this). Let’s say for simplicity the stock is 50c at this point in time.

Just the existing investors will potentially want 2,000 shares each, or 74 million shares. Now double the $1,000 as the news is very very good. Now introduce the traders, the players with Bots, the sprucing brokers. Just how much fluid stock is available ... far less than what is available right now .. I’d think.

My point ... And we thought the last share price rise was huge.

IMO and very dependent on quality of news and timing and sustained future revenue growth projections.

NB: No animal was harmed during my dribble.

Expand

Yes.

Exactly why it is trading sideways.

Majority of shareholders waiting for the next phase.

Majority of prospective shareholders waiting for confirmation to enter at these levels and beyond....

BRN Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

There are more pages in this discussion • 23,211 more messages in this thread...

First 10370 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 22.0¢		Change -0.005(2.22%)		Mkt cap ! $408.3M

Open	High	Low	Value	Volume
22.5¢	22.5¢	21.8¢	$1.107M	5.019M

Buyers (Bids)

No.	Vol.	Price($)
6	110458	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	355185	24

View Market Depth

No.	Vol.	Price($)
4	62894	0.220
14	327682	0.215
18	373513	0.210
22	841623	0.205
58	1855008	0.200

Price($)	Vol.	No.
0.225	153131	14
0.230	555942	14
0.235	384447	13
0.240	378618	12
0.245	587269	12

Last trade - 16.10pm 28/06/2024 (20 minute delay)

BRN (ASX) Chart

Yes.Exactly why it is trading sideways.Majority of shareholders...

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yes.Exactly why it is trading sideways.Majority of shareholders...

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News