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AKP - Audio Pixels Holdings

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Hey Pixel, as we wait for the chip demonstration in Israel, the share price is moving around......what do your fancy charts tell you ? Not that I'm selling, just interested in your input. Just looking at buyers v sellers, always wondering who knows what.
 
A gap still beckons at $24.49; but even if that were closed today, I won't rush in just yet.



Support at $21.50 needs to strengthen for a more credible trend reversal. Right now, AKP, like all other stocks, is in free fall and no Buy for me.
 

Currently at $24.70, down $1.55 today. I'm just intrigued as to why people are selling at all. I know the market in general is down, but the problem with AKP is that you just don't know if and when an announcement is going to be made that could send the SP into the stratosphere. The top 20 shareholders are not selling, that's good enough for me.
 
It looks like a short-term wedge has formed and we're near the apex of it. It looks like AKP is about to get more volatile again.
 
Dzaak said:
It looks like a short-term wedge has formed and we're near the apex of it. It looks like AKP is about to get more volatile again.
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That's how I read it too.
A drop through $22.50 would suggest a target just below $15 (gap to $14.98).
A break above $27.50 would promise renewed upside.
Unless either comes about, I'll stand aside and let swingers have their fun..
 
pixel said:
That's how I read it too.
A drop through $22.50 would suggest a target just below $15 (gap to $14.98).
A break above $27.50 would promise renewed upside.
Unless either comes about, I'll stand aside and let swingers have their fun..
Click to expand...

$15 ? I think pigs will fly before that happens. Hardly any volume for sale, an expected announcement will see a suspension, and you will not be able to get back in at any reasonable price. But, you pays your money and you takes your choice. Am still very happy with my position, I haven't sold and bought on the rise and fall - if I did, probably couldn't get back to my current position anyway - not enough shares for sale.
 


Hey Pixel, the quote below is from someone on Hot Copper, so not from me directly. The post thread includes a graph, but you'd probably need to be a charting expert to understand it, which I'm not. Can you explain to this dumb punter exactly what this means ? Thanks.

SP currently being squeezed between the 30 and 100 day moving average.
Expect a momentous shift in direction any day now !!!!!!!!!
 

Hey Mango,

I know of very few tech traders that use 30 and 100 day MAs, but I know of lots of rampers that try to find an indicator that they can tweak to seemingly confirm their bias. That's not alleging HC was the home of rampers

So, rather than searching for someone's unconventional chart, let's look at a simple one that I use as stock standard and which gives me a consistent perspective of any stock's position at the time at which I took the snapshot.



I have drawn two trendlines, one rising over a longer period, the other falling during the more recent pullback. Since mid-August, when the uptrend was broken, AKP's price has not managed to break above that line, thus confirming that the long-term rally has - at least for the time being - come to an end. The price has also failed to break above the falling trendline, thus confirming that the current direction is still down.
So much for the currrent situation in regard to trends. Neither makes of course any promises of what might happen tomorrow or next week. In order to have a stab at the likely development, we need to look at the market behaviour at the current base (support) level: When sellers tried to bring the price below the $23 level, it looks like they failed and buyers came in at support, However, so far, the buyers couldn't push the sellers much higher, resulting in a stalemate - on a narrower scale, but similar to what I described a few weeks ago for the larger range, roughly from $22 to $27.

Should the sellers succeed and push through current support, the horizontal lines, at Fibonacci Levels over the all-time High and recent Low, may well come into play. Again, it's not a crystal-ball certainty, but statistically significant over a large number of similar price moves. Given the possibility of another severe leg down, I cannot find any reason why I should "load up" at this price point. The downtrend needs to be shown to have been broken and the uptrend resumed.

Here endeth the free Charting Lesson.
 
Today's Low of $20.40 (so far) beats the $20.50 Low on August 16th, thus establishing a Lower Low.
Combined with the Lower High (8 September vs 20 July), we have a technical downtrend.



Go Short or stay away are the only two technically justifiable options.
 
Triathlete said:
It is getting closer.....better hope it holds at $17.40...closed today @$20 ...42% drop in 3 months and no end in sight yet....
Click to expand...

LOL better hope he finds a sturdy umbrella Those flying pigs could easily become airsick Wouldn't want to have one with a queasy tummy flying overhead... :1zhelp:
 
Triathlete said:
It is getting closer.....better hope it holds at $17.40...closed today @$20 ...42% drop in 3 months and no end in sight yet....
Click to expand...

pixel said:
LOL better hope he finds a sturdy umbrella Those flying pigs could easily become airsick Wouldn't want to have one with a queasy tummy flying overhead... :1zhelp:
Click to expand...

Come on guys... there's no need to taunt someone just because the share price has fallen.

The fundamentals haven't changed!

No seriously. The fundamentals of this stock has always been one lottery ticket. If the technology works then it could be worth $billions... if it doesn't work then it's worth a shell. If one has the knowledge to assess the probability of success then all the power to him/her. If one is buying / selling on price action then the chart is looking very bearish indeed.

It's times like these that make investing in this kind of company difficult. Do you have faith in your own analysis? Or do you second guess (and may be correctly so) that may be someone knows better?
 


It is not about taunting anyone...He may very well be correct moving forward,but when a stock price has risen well it is good practice in my book to take some profits or at least take out his original investment.

As we have seen he was well over a million $. He could have sold some once he got the exit signals and there have been many since the high $34.80 and then bought back in at these lower prices.

He has already told us that it is a tightly held stock obviously others have been cashing in at those prices.

He also told us he was not an investor but a gambler , I would add that professional gamblers would have taken there money out and let the houses money run...He is still doing well out of it anyway but would hate to see it go all the way back down without getting anything back....
 
skc said:
Come on guys... there's no need to taunt someone just because the share price has fallen.
Click to expand...

With anyone else I would agree with you skc, but this guy has been relentless in taunting anyone that questioned his high odds bet.

I had to block him in the end because he was spamming my inbox with boasts about how much money he had made, and how stupid I was for not buying AKP and generally gloating every time the share price moved up.

Karma is a bitch!
 

To a degree, I share your sentiment, skc;
I don't like trolls and I don't like taunts. If my banter is perceived by anyone as such, I apologise.
Let me clarify: It would be well-enough known that I draw most of my conclusions from t/a and try to remain sceptical when I hear companies being spruiked with unsubstantiated promises and hopes. Nor do I claim something WILL HAPPEN, but point out the possibility it MAY EVENTUATE based on analysis.
Readers may disagree, but being dismissed with a "pigs will fly" is IMHO quite disrespectful. Not that I care about that angle when it's delivered against me - I'm rather resilient. But I couldn't resist the opening when the phrase raised memories of a cartoon depicting flying pigs with diarrhea flying overhead and people trying to protect themselves with brollies.

I do feel sorry and pity for every bunny that got suckered in to buy AKP at $30 and above.
 
pixel said:
I don't like trolls and I don't like taunts. If my banter is perceived by anyone as such, I apologise.

Readers may disagree, but being dismissed with a "pigs will fly" is IMHO quite disrespectful.
Click to expand...

galumay said:
I had to block him in the end because he was spamming my inbox with boasts about how much money he had made, and how stupid I was for not buying AKP and generally gloating every time the share price moved up.
Click to expand...


Fair point guys... and thanks for the considered response.

I wish we can fast forward time to the lotto draw and see how this pan out.
 
Staying with the T/A theme: Google "Tweezer Bottom"
Today's candle tail is a little short, but it might be worthwhile keeping an eye on the next few days' price development. I see a slim chance of support around $20. Whether or how long that might last is anybody's guess. Therefore, were I to buy back in, I'd do so under speccie rules with very tight stops.

 

Thank you for the chart lessons Pixel. I also appreciate the well meaning comments of many posters. But, I assure you, I know what I'm doing. As posted above, if the chip works, it's worth billions. If not, then bugger all. I do think Garpal Gumnut is a tad precious:

On the 3rd of June he posted :

Garpal Gumnut's Avatar Join Date
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Ross Island Hotel, South Townsville, Citizen.
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Default Re: AKP - Audio Pixels Holdings
For any ASF members with an ounce of inquisitive reasoning left on this raft of fools, please do a google search on Fred Bart, your saviour and the means by which you will all reach financial nirvana.

Or not.

No charts, just google.com

gg

So, In his humble opinion, I'm a fool on a raft. I gently reminded him that I had alerted this site about Audio Pixels when the SP was $9, and he could have made a lot of money. Well, if he calls that "taunting" he has his own serious problems. English is obviously not his first language, so I should probably cut him some slack. Everyone has their own investing policy, and you know what mine is. The fact that it may not be the same as yours doesn't make me wrong, just makes me different. In the past I've sold out too early and couldn't get back - I've also waited too long, and lost a fortune - got screwed by the Russians over FMS. Am still a gambler, watching AKP like a hawk. Good luck to all, whatever your strategy is.
 

20/20 hindsight is a wondrous thing, yes, I could have sold at $34, and bought back in at $21. But what if it only slipped a dollar or so, and then spiralled upwards ? Easy to comment now, knowing what actually happened. I'm not complaining, happy with my position.
 

It's not hindsight at all, Mango.
The odds for a mere $1 were infinitesimal, although I concede that, at the time, I wouldn't have put a firm figure on the exact profit margin.
Just like you suggested a rise from $9 at the time, I drew my conclusions from T/A at the time it started to drop from $34. High conviction, High probability, calculating the odds.
btw, I did trade AKP from $9, even bought more when $10 was broken; but even then I took profits whenever my charts indicated resistance.

Since the appearance of those two reversal candles, I'm estimating that the odds are changing, favouring $20 as the new support level. Hence I'm buying back in - about 40% below my last sale.



However ... if it doesn't play out as expected, I'll adjust to changed market behaviour. In the current situation, it means I'll secure my capital by selling immediately. Three months ago, it would have meant buying back in at whatever price suited my objectives.
 
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