AXE is a speculative stock but it's not one that's going to announce a CR or bad data for quite a while. Only way to make short term money is to manipulate a few pips down and up.
On the up side, there's no way to know where it can go on news that creates some fomo. 2 years on from that fomo burst to $3, people are more informed that quantum devices are not a pipe dream, rather it is the future. a year ago I thought another 5 years to get a viable 12CQ device, but after all the development and increasing decoherence times I will wager within the next 12 months either AXE starts demo-ing a device to big tech and/or gets an offer for the IP. As Mo says it's taken the use of facilities valued at hundreds of millions of dollars and 15 years of their lives. That's the value he puts on it. Now it's a question of working out how to monetize this value that no one else can re create in a hurry. Mo does a good job of keeping me guessing and surprising me with the solid progress so far. And whatever happens, I'm in it all the way till I'm satisfied the share price reflects some of the value of cutting edge deep tech.
AXE Price at posting:
44.0¢ Sentiment: None Disclosure: Held
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