OK McLovin, let's agree to disagree on restaurants. On AKP however, the facts are simple. I bought in 7 years ago @ approx $3.80 or so. Since then, the price has jumped to $34 then dropped to $9 and is now back at $25, so lots of opportunities to make money since I mentioned it @$9. I could sell now and be way ahead, but I haven't sold, as I believe it has a long way to go. I'm not a big fan of using charting techniques best suited to BHP or the banks on something as weird as AKP where a tiny fraction of 1% is traded daily. To me it's just a big bet, and if it comes off, then I'm in hogs heaven. I'm pretty confident that it won't drop below $4, so can't see me losing money.
AKP - Audio Pixels Holdings
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pixel
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Regardless how many shares are issued, T/A operates on the number of shares traded. So, the Mathematics works for AKP just as well as it does for BHP. Of course, if you're happy watching your profit go from zero to 1000% and drop back 70% from 10-fold, by all means ignore the lost opportunities.
OK Pixel....just look at the volumes traded on a daily basis. It's a minute fraction of 1%, just a few thousand shares every day, out of a total of 27 million. Currently 0.00026289. I'm not in the business of selling a few hundred shares a day - essentially the action is day traders selling to each other. You do it your way, I'll do it mine. I got bigger fish to fry. What really triggers the big price changes are positive or negative announcements. There will be some soon, and if positive, you won't be able to get back in at any significant volume. You can't buy a sizeable parcel now, the shares just aren't available. Any new capital raising can be restricted to those in the know, and will be approved at any AGM. If you've made a few grand over the last few years, good luck to you. The top 20 doesn't change, remember this is basically run as a private company.
Hi Pixel
I tend to agree with Mango about charting AKP, except, I don't know much about charting. Can you please refer me to some places I can learn how to chart. You seem good at it. I want to learn from the sources you recommend. Thanks in advance if you spare the time to show me the best resources. (I know what charting is, I don't know how to do it successfully)
Mango, good luck. I hope you make a fortune!!
I tend to agree with Mango about charting AKP, except, I don't know much about charting. Can you please refer me to some places I can learn how to chart. You seem good at it. I want to learn from the sources you recommend. Thanks in advance if you spare the time to show me the best resources. (I know what charting is, I don't know how to do it successfully)
Mango, good luck. I hope you make a fortune!!
pixel
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G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
Thanks pixel.G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
I appeciate the quality response.
I'm going to have some fun reading to do. Fun.. Yes. I'm a nerd.
Good luck with your health
Thanks pixel.
I appeciate the quality response.
I'm going to have some fun reading to do. Fun.. Yes. I'm a nerd.
G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
Yeah, me too. I've been in this stock for over 7 years, some of my friends got into it as well, we're all waiting. If we get positive news in the next few weeks, the price will explode. If not, then we've all lost money. Ces't la vie.
Hi
No need to respond.
You just popped into my head. I just wanted to send some good vibes your way and hope you are in good health and good spirits.
Hi PixelG'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
No need to respond.
You just popped into my head. I just wanted to send some good vibes your way and hope you are in good health and good spirits.
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I remember reading an article in the Fin Review (circa a few years back) on AKP. In fact, it was this article which brought the company to my attention (too little too late: share prices started to increase). In true Fin Review fashion, they talked positively about the company: its technological endeavours and board expertise; and concluded with a few comments which casted doubtfulness and raised skepticism.
Broadly speaking, when it comes to technology, the best way to put it into perspective is to make a contradistinction with art (it will make sense shortly). If Mozart never composed, say, Alla Turca, would it have ever been reproduced, note-for-note, by another? Very, very unlikely (improbable). On the other hand, had, say, the US not invented the atomic bomb (under the guise of the Manhattan Project), would another nation have successfully developed it? Most certainly - it was only a matter of time...and this is the point: unlike art, when it comes to technology, it's always a matter of time.
Given AKP have been working on this for a number of years now, they already have that head-start. Moreover, once they crack this technology, people are going to make a lot of money.
In case anyone is wondering, I don't have any affiliation with AKP. Nor do I own any shares, mainly because my financial position (i.e. 3 mortgage commitments, living expenses) doesn't leave me with enough funds to invest in anything other than small caps. But for those that have invested in AKP (especially the ones that bought 7 years ago), I say this: I am very envious.
Broadly speaking, when it comes to technology, the best way to put it into perspective is to make a contradistinction with art (it will make sense shortly). If Mozart never composed, say, Alla Turca, would it have ever been reproduced, note-for-note, by another? Very, very unlikely (improbable). On the other hand, had, say, the US not invented the atomic bomb (under the guise of the Manhattan Project), would another nation have successfully developed it? Most certainly - it was only a matter of time...and this is the point: unlike art, when it comes to technology, it's always a matter of time.
Given AKP have been working on this for a number of years now, they already have that head-start. Moreover, once they crack this technology, people are going to make a lot of money.
In case anyone is wondering, I don't have any affiliation with AKP. Nor do I own any shares, mainly because my financial position (i.e. 3 mortgage commitments, living expenses) doesn't leave me with enough funds to invest in anything other than small caps. But for those that have invested in AKP (especially the ones that bought 7 years ago), I say this: I am very envious.
I like the word contradistinction.
Perhaps technology is only a matter of time... But there was a big gap between the ancient Greek combustion engine and the later one. Same with da vinci and his mechanical robots. That's if those 2 techs of the old worlds are real. My point is, AKP can go bust. Your other stocks must be better for you than akp, so no need to be envious. I mean, don't beat yourself up if we are on a winner here and you miss out. You can only work with your circumstances and the information you have
galumay
learner
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While your comparison with technology to art is interesting, I suspect its superficial. Here is another difference, nearly every tech idea comes to nothing, its a tiny minority that actually manifest as something that we use everyday in our lives. History is filled with millions of what seemed like really good ideas in tech that went no where. The difference with art is that while popularity may vary widely, most artistic ideas come to fruition.
Whether AKP has technology that will succeed or being discarded in the tech bin is yet to be seen. I know what side history is on!
I was at the AKP AGM last week - a lot of very happy and excited directors and managers. They talked about a "manually manufactured chip" which met all required specifications, but had some imperfections, explained as part of the manual process. The fab manufacturer is TowerJazz - check it out, this is a very serious IT chip manufacturer. Fred Bart said at the meeting that he was going to Israel to view the fully manufactured product. Approval was sought and received at the meeting to issue $5 million worth of new shares to "sophisticated investors" including $500 K to Fred and $3 million to a Mr K Lau - check him out too. These guys are in the know - they have never asked anyone else to buy more shares. When they need more cash flow, they reach into their own pockets and drag out some cash. What does that tell you ? At the meeting, on Monday 7th May, to a packed room, Fred said that the fully manufactured chip would be available in approx 10 days. He also confirmed the interest being shown by 80 or so of the world's largest companies. Share price has climbed over last week to more than $23. Are you still in Pixel ?
One last comment... I've always made it clear that this is just a big bet for me. I'm a gambler, not a trader, AKP is not like BHP or RIO - it's a weird stock, basically run as a private company. Fred actually said that he wished he'd never taken it public. Anyone trying to chart this stock needs to have the skills of Merlin. As I've often said, if this thing works, then it's worth anything. If it doesn't, then it's worth nothing. If it works, it will fundamentally change the entire sound/speaker industry. Based on what I heard in Sydney last week, we will know very soon.
Faramir
Very New Investor
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@Mango51 there is some very sad news
https://www.aussiestockforums.com/threads/vale-pixel.33977/
I really enjoyed Pixel's contribution to this thread.
Keep your enthusiasm up on AKP, even if others don’t agree.
Faramir... thank you for your post. I am so sorry to hear this news. What is more embarrassing is that I always thought Pixel was a woman ,,,,,,,jeez, how dumb am I. If you look back through all my posts, and his, you will see how we discussed AKP. Should have made a fortune on this stock given the way it rose and fell. I've stayed in, never sold, I believed the dream. If the chip works, then I'm a multi millionaire. If it doesn't, then I've lost about $125 grand. But, I enjoyed our electronic conversations although we both had different philosophies - Pixel was a trader, I'm a gambler. Take care.
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AKM: Last week's outside reversal bar gets me interested and I've put AKP in my reversal watch list.
I'm waiting for a close > 17.00.
I'm waiting for a close > 17.00.
galumay
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Things looking very grim for AKP, I hope people have not been too badly burned.
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Since the last post AKP has gone from $11.30 to $24.75 quite quickly. AKP is taking a long time to develop their MEMS chip and their lack of progress has seen their price drift lower to $16.
Puzzle: For those technically inclined and like a challenge.
Please read and enjoy the latest (Half yearly report 29/8/19) Directors Review of Operations describing the progress or lack of it in the development of their MEMS wafer. It is truly a literary masterpiece of creativity.
https://www.asx.com.au/asxpdf/20190829/pdf/4480g6dpsm87yb.pdf
Puzzle: For those technically inclined and like a challenge.
Please read and enjoy the latest (Half yearly report 29/8/19) Directors Review of Operations describing the progress or lack of it in the development of their MEMS wafer. It is truly a literary masterpiece of creativity.
https://www.asx.com.au/asxpdf/20190829/pdf/4480g6dpsm87yb.pdf
