I agree. It will get real, real fast in this tech space and this stock has proven this after the IBM ANN.
The short term SP drop is what naturally happens with these kinds of spec stocks whenever a timeline is built in.
So AXE has said 6 months after the CR, just like Brainchip had a timeline for their wafer to be duplicated, biotechs waiting on trial results etc. This is a great time for shorters to jump on and shake the impatient or 'short-term' retail investors and this is exactly what is happening here and I have seen it time and time again. Retail investors are panicking and selling based on only the SP dropping and that is it.
If Archer Materials was only one-dimensional with their quantum chip development, I can see why sellers may sell and come back in later closer to after 6 months for FOMO, but the problem here I think is that AXE's business does not just involve the quantum chip and they have a myriad of possible P.S positive ANNs up to then and the SP may fluctuate a lot in-between. Although I am heavily in the red for AXE, I hate selling when I just need to wait a bit longer.
AIMO, GLAH
- Forums
- ASX - By Stock
- AXE
- Ann: Qubit control measurements commence
Ann: Qubit control measurements commence, page-106
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AXE (ASX) to my watchlist
|
|||||
Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $80.27M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 31.0¢ | $12.13K | 39.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28600 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 16400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28600 | 0.305 |
5 | 188245 | 0.300 |
4 | 106490 | 0.295 |
3 | 114798 | 0.290 |
3 | 52000 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 16400 | 2 |
0.320 | 79252 | 4 |
0.325 | 85698 | 6 |
0.330 | 67474 | 6 |
0.335 | 33000 | 1 |
Last trade - 10.51am 22/07/2024 (20 minute delay) ? |
Featured News
AXE (ASX) Chart |