AXE archer materials limited

@2105 - at the moment the market is not enamoured by tech stocks...

  1. 1,202 Posts.
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    @2105 - at the moment the market is not enamoured by tech stocks - and as such Archer has taken a hit along with all the rest.

    I tend to think of these moments as little gifts from Santa - it's f'n Xmas - the opportunity to buy again at these prices I didn't anticipate and I'm taking full advantage. But that's just me and it's not a strategy for everyone.

    The current market mood is all about preserving capital for most so I suspect the tax selling with be limited - certainly not what it would be in a strong bull market.

    IMO the next leg up will occur when Archer gets a single qbit into the chip that Mo held up at the recent presentations. They've been testing that chip with "qbit material" (whatever that is) and Martin said in Sydney that they were working on getting a single qbit into that chip. They play there cards close for obvious reasons - but once a qbit is in there, they have already demonstrated that they can detect quantum information using mobile phone tech. How close is all that to a working prototype of a quantum computer? Probably still a little while away no doubt but it's all very promising.

    Good luck all.

 
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(20min delay)
Last
28.0¢
Change
-0.005(1.75%)
Mkt cap ! $71.35M
Open High Low Value Volume
29.0¢ 29.5¢ 28.0¢ $32.59K 114.1K

Buyers (Bids)

No. Vol. Price($)
3 17601 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 58500 2
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Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
AXE (ASX) Chart
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