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DIY Trader
- Joined
- 3 February 2010
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... and that's exactly what appears to have happened this morning:I'd like to see it test the breakout level at $16.50 before I commit any more cash to my current position.
... and that's exactly what appears to have happened this morning:I'd like to see it test the breakout level at $16.50 before I commit any more cash to my current position.
Positive meeting. Stood up and said the chip works, and they are talking to the world's largest companies. Expect to demonstrate imminently in Israel. More detail available on HotCopper. I don't worry about the stock price, just day traders playing around. Volume is nothing. Fred is looking to sell the company, he's not gunna hang around and get into the manufacturing business. My strategy is quite simple....hang in and wait. As for you ? Do what you like.Hey Mango, I was too busy to go to Sydney. Any insight you could share?
Cheers
Interesting day....volume hit 21,596 which is a lot. Could be the comments made today by Alan Kohler, Business Editor of The Australian stirred some interest. He also spoke to Fred Bart, and the discussion is available on the AKP website. Current price $17.36Y'all need to understand something about AKP. It is a very tightly held speculative stock. The top 20 shareholders control 60-70% of the stock, can be assumed to be "in the know" and are not selling. The buying and selling is all by day traders, a few hundred or thousand shares, which means nothing. There are only 27 million shares on offer, daily turnover is a fraction of one %. What I am saying is that the normal rules that apply to NAB, BHP, etc do not work here. Waiting for volume is a fruitless exercise, Fred and his family & friends ain't selling. I was at the AGM. The directors said that the chip works. That they are demonstrating to the largest companies in the world. Fred doesn't seem to be the sort of bloke that wants to set up and run a manufacturing business over a number of years. IMHO, he wants to be bought out . He said that live demonstrations were "imminent". As I have said before, if this chip works as described, the company is worth anything. If not, then it's worth nothing. To each their own, we'll know soon enough.
Positive announcement today, SP is now at $23, up $4. And it's not even lunchtime. There is a comparison of the top 20 holders on HotCopper over a 6 month period. There is virtually no change except # 20, a guy called Norbert Lipton, with 193,500 is no longer on the list. He is possibly the guy who has been quietly selling over the last 3 months, the other 19, including the Bart Family and the Israelis haven't changed. Poor old Norbert missed out on today- The train is leaving the station....On the ones I bought around $11, I'm up a bit over 70% so far today; or three times that, considering the earlier gains ... you remember what I told you in the $30's.
Right now, the Chart says "Wait what happens at the $19.50 resistance!" Top up if it breaks and becomes support; take profit on pullback and repurchase at support.
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Positive announcement today, SP is now at $23, up $4. And it's not even lunchtime. There is a comparison of the top 20 holders on HotCopper over a 6 month period. There is virtually no change except # 20, a guy called Norbert Lipton, with 193,500 is no longer on the list. He is possibly the guy who has been quietly selling over the last 3 months, the other 19, including the Bart Family and the Israelis haven't changed. Poor old Norbert missed out on today- The train is leaving the station....
Thanks McLovinNorbert Lipton is no dummy. He was involved in Anaconda back in the 1990s and, I think, Fortescue. Not that I'd read too much into movements in individual shareholdings. What's more interesting is not the members of the Jewish community that are on the register, but the ones that aren't.
Anyway, that's just speculation on my part that adds zero value to the discussion.
Pixel..or Picksel... you've been quiet lately. If this was a chess game, I suspect we're getting close to the end game. Currently $24. If it happens the way I think it will, we'll probably get to meet in Sydney. Vladisimo is buying the drinks..View attachment 72168
As long as lower gaps remain in play and no compelling argument for higher support is showing, I'll stay on the side lines. (Plenty of other fish in the sea offering profit.)
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whats the latest on the 'chip' mangoPixel..or Picksel... you've been quiet lately. If this was a chess game, I suspect we're getting close to the end game. Currently $24. If it happens the way I think it will, we'll probably get to meet in Sydney. Vladisimo is buying the drinks..
Well..as I've always said. To each their own. I am not a licensed financial advisor, but fair to say that anyone on this site that has read my posts when I first mentioned AKP ( @ $9 ) should have made a fortune by now. I bought in at $3.89, so I really don't care. The top 20 are not selling, it's just the day traders having some fun. 20,000 or so shares out of 27 million on a daily basis is nothing. If the chip works, then the shares are worth anything.... if it doesn't work, then it's worth nothing, a real binary decision. If this thing works, it will be soooooooo spectacular. For me, it's just a big bet. I just wait... Vladisimo is buying the drinks, maybe I get to meet in person in Sydney the people I've been talking to online.whats the latest on the 'chip' mango
Well..as I've always said. To each their own. I am not a licensed financial advisor, but fair to say that anyone on this site that has read my posts when I first mentioned AKP ( @ $9 ) should have made a fortune by now. I bought in at $3.89, so I really don't care. The top 20 are not selling, it's just the day traders having some fun. 20,000 or so shares out of 27 million on a daily basis is nothing. If the chip works, then the shares are worth anything.... if it doesn't work, then it's worth nothing, a real binary decision. If this thing works, it will be soooooooo spectacular. For me, it's just a big bet. I just wait... Vladisimo is buying the drinks, maybe I get to meet in person in Sydney the people I've been talking to online.
whats the latest on the 'chip' mango
Several people on this site have rubbished AKP.... I wonder if McLovin is a holder.
I don't wish anyone to lose money. I, however, remain a skeptic.
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