Australian (ASX) Stock Market Forum

AKP - Audio Pixels Holdings

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Gringotts Bank said:
I bought today as part of a MR strategy and promptly sold. I have a feeling this is going to get smashed very soon. Not trying to down ramp.
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Regardless whether the technology works at first public demo or not, no stock rises in a straight line. When I see a chart hitting resistance, I take profit as much as I can. If, as some optimists hope, the price hits $200, there will be plenty of opportunity to get back on; right now, it looks more likely to be heading for $25 or even $20 - not a bad margin from my sale zone $32-$33.

AKP w 02-08-16.png
 
pixel said:
Regardless whether the technology works at first public demo or not, no stock rises in a straight line. When I see a chart hitting resistance, I take profit as much as I can. If, as some optimists hope, the price hits $200, there will be plenty of opportunity to get back on; right now, it looks more likely to be heading for $25 or even $20 - not a bad margin from my sale zone $32-$33.

View attachment 67609
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Unrelated, but what software do you use Pixel to make those pretty graphs?
 
Well it didn't exactly get smashed. And it's looking interesting again today.

The HC crew are getting impatient, waiting for the demo.
 
Gringotts Bank said:
Well it didn't exactly get smashed. And it's looking interesting again today.

The HC crew are getting impatient, waiting for the demo.
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Yesterday, I might have - tentatively - considered placing AKP back on watch, in case the candle might signal a bottom reversal. This morning, however, that possibility is again fading, and it looks now more likely that the next lower gap is also in need of being filled. (And No: Today's candle can NOT create a reversal pattern with yesterday's Doji. Neither a Morning Star nor any kind of Harami.)

AKP am 12-08-16.png

The odds being stacked so strongly against it, no position sizing can make me want to take the risk of "getting smashed". Even a Grand lost may not hurt as much as having to admit afterwards that I paid too much against better knowledge. Had I stayed with it from $35 all the way down to $25, I'd really feel stupid.
 
the pattern above the minor support at about $26.80 looks a bit like a H & S reversal. If that's the case it could be heading towards the $18ish mark. Although i personally think on these more speculative stocks anything can happen.
 
Roller_1 said:
the pattern above the minor support at about $26.80 looks a bit like a H & S reversal. If that's the case it could be heading towards the $18ish mark. Although i personally think on these more speculative stocks anything can happen.
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Agree, Roller.

I won't even dismiss the possibility of a Tweezer Bottom/ Matching Lows at $24.44, although $23.10 is the level where I set an alert to reassess whether to buy or not.

AKP Fibs 12-08-16.png

... and I like the swings around Fibonacci levels. ;)
 
Yesterday was very interesting. Seeing the SP rally back up confirmed some of the speculations on HC that there are market manipulators playing games.

Purely my opinion, but $20 is a pretty safe place to buy.
 
Dzaak said:
He bought at a very low price. I don't think he's sweating.
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Each to his own, maybe he isn't sweating.
If I saw the value of a holding diminished by a third, I would though - regardless of where I bought.
Assume you had 1,000 shares (adjust to suit) that you'd sold for $34,000. At current levels, that amount would buy you 1,450 shares, which is a 45% larger position. Were AKP really to hit $200 a share, you'd have 90 Grand more to spend...
 
pixel said:
Each to his own, maybe he isn't sweating.
If I saw the value of a holding diminished by a third, I would though - regardless of where I bought.
Assume you had 1,000 shares (adjust to suit) that you'd sold for $34,000. At current levels, that amount would buy you 1,450 shares, which is a 45% larger position. Were AKP really to hit $200 a share, you'd have 90 Grand more to spend...
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I still hold 31,000, average buyin @$3.80.
Contracts have been signed with a chip manufacturer, and the CEO has announced that there will be a presentation in Israel prior to 30th Sept. He has announced that they are talking to 50 of the world's largest companies. As I have been saying for 2 years now on this site, this is not a pump and dump. There are only 27 million or so shares, and it seems that the day traders have discovered it. I don't care if the sp moves a dollar or so very day - I made a fairly large bet some 7 years ago, but I trusted the guys who told me about it. I've never been a trader, I'm a gambler. To each their own. And yes, I still believe it will go past $200. After all, that's only $5.7 billion which is beer money and bus fares for disruptive game changing technology. Apple spent more than twice that on Beats, which is old technology.
 
Mango51 said:
I still hold 31,000, average buyin @$3.80.
Contracts have been signed with a chip manufacturer, and the CEO has announced that there will be a presentation in Israel prior to 30th Sept. He has announced that they are talking to 50 of the world's largest companies. As I have been saying for 2 years now on this site, this is not a pump and dump. There are only 27 million or so shares, and it seems that the day traders have discovered it. I don't care if the sp moves a dollar or so very day - I made a fairly large bet some 7 years ago, but I trusted the guys who told me about it. I've never been a trader, I'm a gambler. To each their own. And yes, I still believe it will go past $200. After all, that's only $5.7 billion which is beer money and bus fares for disruptive game changing technology. Apple spent more than twice that on Beats, which is old technology.
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And, remember this guys.....I put you onto this stock when it was $9. Anyone who has bought any shares is a long way ahead. Yes, it got to $35 and then dropped. I just saw that as a dead cat bounce, because Fred has this infuriating habit of not releasing information unless he absolutely has to. I was at the AGM where he publicly stated that he regretted taking the company public. When the company needs money, he puts his hand into his own pocket and provides funds, which he subsequently converts into more shares. He has never in the 7 years that I've been involved, ever asked the shareholders for more money. Apart from the Lau's putting up $6 million for a million shares, but I suspect that is a strategic relationship move.
 
Mango51 said:
I still hold 31,000, average buyin @$3.80.
Contracts have been signed with a chip manufacturer, and the CEO has announced that there will be a presentation in Israel prior to 30th Sept. He has announced that they are talking to 50 of the world's largest companies. As I have been saying for 2 years now on this site, this is not a pump and dump. There are only 27 million or so shares, and it seems that the day traders have discovered it. I don't care if the sp moves a dollar or so very day - I made a fairly large bet some 7 years ago, but I trusted the guys who told me about it. I've never been a trader, I'm a gambler. To each their own. And yes, I still believe it will go past $200. After all, that's only $5.7 billion which is beer money and bus fares for disruptive game changing technology. Apple spent more than twice that on Beats, which is old technology.
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Wow congrats you've essentially been made a millionaire by this stock. Can i ask what percentage of your salary and total portfolio the original purchase was to you?
 
joeno said:
Wow congrats you've essentially been made a millionaire by this stock. Can i ask what percentage of your salary and total portfolio the original purchase was to you?
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Nope, strange question from an Internet stranger. The ATO know how much I earn, and also the balance in my SMSF.
 
Mango51 said:
And, remember this guys.....I put you onto this stock when it was $9. Anyone who has bought any shares is a long way ahead. Yes, it got to $35 and then dropped. I just saw that as a dead cat bounce, because Fred has this infuriating habit of not releasing information unless he absolutely has to. I was at the AGM where he publicly stated that he regretted taking the company public. When the company needs money, he puts his hand into his own pocket and provides funds, which he subsequently converts into more shares. He has never in the 7 years that I've been involved, ever asked the shareholders for more money. Apart from the Lau's putting up $6 million for a million shares, but I suspect that is a strategic relationship move.
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I would just like to say well done Mango. I have been following your posts for some time on here and it appears you have done quite well.
I too bought into AKP at the beginning of this year (after following the company for some time) and have since been enjoying the ride. I think this stock has huge potential and this tech is game changing technology. There are many respected names behind this (despite what some may suggest) and management have a very proven track record thus far. For this stock to be a con job would just make no sense at all, as announcements are thin and cash has largely come from top 20. I believe management know what they have and feel no need to be constantly pushing propaganda. This is all in my opinion of course.

Eagerly awaiting announcement of demo this quarter! Good luck to all.
 

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