Hey Delekto, the ADRs are still the tail here and aren't wagging the ASX dog..
Volume of the ADRs is slowly picking up, 2100 units Friday, is the highest level I've noted, but still only equates to a miserable 84000 shares traded.
BRCHF, only traded 91876 shares..
The German exchanges and trading houses (of which there are 11), have been wagging the dog of late, primarily due to the interest spurned on, by the Mercedes news, resulting in high volumes.
Volumes there are well down, to around a quarter of just recently.
Tradegate 24y (the largest) traded just under a million shares on Friday.
Closing at 0.90 Euro, or AUD 1.42.
So I think we will have an opening price, above that.
But mainly due to the tear away closes, on both the Dow and Nasdaq, improving confidence on the Australian market.
What I'm waiting for, is decent volumes, of the ADRs to be traded.
Above 10000, which still only equates to 400000 shares!
That's only likely to happen, with a big name US IP deal.
When that does happen though, it will literally be like firing the next stage of the rocket, for extra boost.
The dog then grows a much bigger tail!
This is all dependent on the US literally doing nothing, to curb inflation (they need interest rates above 7%, to fight "stated" inflation rates of 7%!).
Anything below that, is still stimulating the economy!
Also dependant on fear levels keeping in check.
And Global tensions remaining under control.
And.. Last but definitely not least, Brainchip continuing to do, what they are doing!
My opinions only.
GLTA!
Everyone's welcome to the BBQ, Monday morning
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