I think the wild up and subsequent down is purely short term traders wanting to make a quick buck, as well as retail investors thinking that Archer actually had the final 12CQ chip ready to sell. As soon as people worked this out, exacerbated by Tom Richardson's false statements about the business (which Archer diligently responded to on-market and didn't litigate against the Australian Financial Review), that is why we've seen the plummet. Then, every announcement has been solid technical progress, but never addressing the concerns about the hype until Mo finally spoke "it won't be months".
AXE Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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