BRN 6.98% 20.0¢ brainchip holdings ltd

''It was just an easy target for institutions to bully it down,...

  1. 2,082 Posts.
    lightbulb Created with Sketch. 498
    ''It was just an easy target for institutions to bully it down, perfect storm of opportunity''

    Let us not forget the fact that this was also made possible by the comments made by board members and the LDA deal which followed a few months later. LDA deal was inevitable, as the company needed cash to move forward. But any responsible board members, who have shareholders' interest at heart would not make any silly comments dissing the share price.
    That particular commentator was trying to be either a ''hero'' or expected something to happen soon, which did not eventuate. Poor attitude imo.

    The only shorters that would get burnt are the ones who open their shorts now, but as we know from the ASX data, only 10k or so shares were shorted the last day.
    Shorters obviously play by the chart also, and possibly have an idea of what to expect in the revenue announcements.
    Even if they start new positions, I'd assume it would be with strict risk management in place, so none of the shorters are going to get burnt imo, unless BRN announces something huge, and we know that is a long shot with BRN as evident from the nature of announcements so far.
    So we wait for the financials.
    Last edited by TomAndJerry: 14/10/23
 
watchlist Created with Sketch. Add BRN (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
-0.015(6.98%)
Mkt cap ! $392.4M
Open High Low Value Volume
21.5¢ 22.0¢ 19.5¢ $3.107M 15.33M

Buyers (Bids)

No. Vol. Price($)
10 384526 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 1205659 25
View Market Depth
Last trade - 15.25pm 23/08/2024 (20 minute delay) ?
BRN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.