AKP - Audio Pixels Holdings

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This time, $19 looks destined to fail.
Just for the record: I'm already off, time-stopped before it broke below $20.

 

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Today's announcement made me change my mind - yet again
It's possible that we're fed another set of excuses for delays and the need for more "refinements", but the last paragraph about turning a sound chip into an image projector caught my imagination.

If the AKP chip works as previous descriptions seem to indicate, it is quite possible to program it in such a way as to stimulate the surface of the eye - or any other area of touch-sensitive body surface - to project the equivalent of an "image" on to it. Not much "Science" needed to understand the concept. Google "pinbox 3d" or look at https://www.youtube.com/watch?v=gV-GJWjb6qM
Then translate each pin position of the 3D image into ultrasound waves of equivalent intensity/ pressure, and you'll get the concept. Note that blind people have a heightened sensitivity to touch, so they will easily learn to interpret pressure differences as a "picture".

Looking at yesterday's drop through $19 as a "false break", I've decided to take another gamble and bought back in the low $21's. Let's see where this takes us over the next "4 to 8 weeks."

 

[pixel]

Looks like I fell for another big promise. Serves me right. Some lessons are harder to learn than others.



I sold into the Open this morning. Wake me up at $15. Or maybe $11.70?
(compare the chart I posted on 4th October)

PS: it's already below $15, so make that $10.

 

[Gringotts Bank]

That's a very odd pair of candles. Massive range and whipsaw.

That Friday candle is almost always a short sign.

 

[sikboy]

Is this the biggest pump and dump story of the year?

 

[pixel]

That's a very odd pair of candles. Massive range and whipsaw.

That Friday candle is almost always a short sign.

Agree, GB
Apparently, Thursday's buyers pumped it up after the announcement (inside job?) and made a quick profit.
I should've sold Intraday Friday or at least into the Close.
Still keeping an eye on it though ...

 

[Triathlete]

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.

Looks like it is still in a downtrend,it has been pretty volatile these last two days...may find some support at $13-$14 is my thoughts at the moment.

 

[Mango51]

Looks like it is still in a downtrend,it has been pretty volatile these last two days...may find some support at $13-$14 is my thoughts at the moment.

Pump and dump ? A fraction of 1% of the shares were bought and sold. Moved the share price between 12-20%, but for every seller, there was a buyer. If you look at the course of trading, you will see a huge number of trades that involve less than 100 shares, sometimes in just single digits. I trade via CommSec, and the minimum trade is $500.

Some very clever people out there are trying to depress the SP so they can accumulate at a very low price. They use simultaneous sell/buy trades to force the price down, often with single digit trades.

None of the major holders are selling. There are only 26 million shares out there..... someone is trying very hard to accumulate from the small holders by shaking the tree. Some people get nervous and sell, I'm not.

I say it again - for every seller, there was a buyer, and the shares sold represented a tiny fraction of 1% of total shares. I wonder how many of this small fraction were bought and sold multiple times.

 

[pixel]

Pump and dump ?

[...]

I trade via CommSec, and the minimum trade is $500.

Not so, Mango.
The minimum HOLDING aka a "marketable parcel" should be $500 worth. But once you hold that, you can add any number of shares, buying in lots of one or ten thousand, doesn't matter.
Similar with selling: All you need is make sure that a partial sale leaves you a marketable parcel, or you need to put the last $500 worth up for sale in one bloc.

With regard to minimum brokerage, I don't know how Commsuc handle multiple buys and sells in a day; lots of onliners will bundle your small trades and only charge one minimum brokerage a day. And then there are the bots and algo trading machines. People may be whingeing about those, but they're here to stay because they give big players an advantage. (small players too, if they know how to do it.)

 

[skc]

I say it again - for every seller, there was a buyer

How does this argument make any sense?

When shares go up, for every buyer there's a seller, so that's bad then?

Or

Because there are buyers and sellers in all transactions, so price movements are neither good nor bad?

But then...

This technology is a total game changer, the price increase tells me that the chip works

Does the share price decrease tell you that the chip doesn't work?

Price movements only tell you if more or less people "think" it will work. It doesn't change the probability of whether it actually works.

If your investment / punting style involves ignoring the share price that's perfectly fine. But try not to spread the incorrect (albeit popular) logic from the other forum that results only in mis-interpretations.

 

[Mango51]

Not so, Mango.
The minimum HOLDING aka a "marketable parcel" should be $500 worth. But once you hold that, you can add any number of shares, buying in lots of one or ten thousand, doesn't matter.
Similar with selling: All you need is make sure that a partial sale leaves you a marketable parcel, or you need to put the last $500 worth up for sale in one bloc.

With regard to minimum brokerage, I don't know how Commsuc handle multiple buys and sells in a day; lots of onliners will bundle your small trades and only charge one minimum brokerage a day. And then there are the bots and algo trading machines. People may be whingeing about those, but they're here to stay because they give big players an advantage. (small players too, if they know how to do it.)

Pixel, as you know, I hold 31,000 AKP. I have tried to buy 10 shares or so, but Commsec will not let me. I just get a message saying that the minimum transaction must be $500 or more. But other buyers or sellers seem to be able to sell or buy 5 or six shares in a single transaction, as shown under the tab Course of Sales. These are all shown as individual transactions, often seconds or minutes apart. There are a lot of other holders like me who suspect that people are trying to force us to sell by manipulating the SP. The total shares traded on a daily basis is a Mickey Mouse number anyway, basically a statistical rounding to the 3rd decimal point of 1%.

 

[Gringotts Bank]

Pixel, as you know, I hold 31,000 AKP. I have tried to buy 10 shares or so, but Commsec will not let me. I just get a message saying that the minimum transaction must be $500 or more. But other buyers or sellers seem to be able to sell or buy 5 or six shares in a single transaction, as shown under the tab Course of Sales. These are all shown as individual transactions, often seconds or minutes apart. There are a lot of other holders like me who suspect that people are trying to force us to sell by manipulating the SP. The total shares traded on a daily basis is a Mickey Mouse number anyway, basically a statistical rounding to the 3rd decimal point of 1%.

Institutional traders can buy/sell any amount they like. Different rules. If you were generating massive brokerage fees like they do, your broker may well cut you a similar deal.

Manipulation happens all the time in mids and small stocks. ASIC condones it, so there's nothing we can do.

 

[Roller_1]

Pixel, as you know, I hold 31,000 AKP. I have tried to buy 10 shares or so, but Commsec will not let me. I just get a message saying that the minimum transaction must be $500 or more. But other buyers or sellers seem to be able to sell or buy 5 or six shares in a single transaction, as shown under the tab Course of Sales. These are all shown as individual transactions, often seconds or minutes apart. There are a lot of other holders like me who suspect that people are trying to force us to sell by manipulating the SP. The total shares traded on a daily basis is a Mickey Mouse number anyway, basically a statistical rounding to the 3rd decimal point of 1%.

Someone might have sold a parcel of 10,000 shares yesterday but the broker could only execute it in smaller lots due to lack of buyers or buyers intermittently executing a buy order. Maybe someone dumped a decent amount into the market early then buyers snapped them up during the day. Hence the small lots here and there

Mango if you tried to flog off your 31,000 they wouldn't sell in a large lump i wouldn't have thought, in such a thinly traded stock anyway

 

[Mango51]

Someone might have sold a parcel of 10,000 shares yesterday but the broker could only execute it in smaller lots due to lack of buyers or buyers intermittently executing a buy order. Maybe someone dumped a decent amount into the market early then buyers snapped them up during the day. Hence the small lots here and there

Mango if you tried to flog off your 31,000 they wouldn't sell in a large lump i wouldn't have thought, in such a thinly traded stock anyway

Roller, I respect your comment. I am however, just a tad paranoid, and I'm not Robinson Crusoe. I think you're wrong on one point though - if I was to offer my parcel at market I suspect they'd be snapped up in an instant. The SP is moving wildly, but the volume is Mickey Mouse. There aren't enough shares for sale anyway to make it a good P & D prospect. In my humble opinion, people are playing games, trying to force people like me to sell. Just compare the detailed quote against the course of sales - Sales are happening, but the detailed quote doesn't change.

 

[pixel]

"For every seller there was a buyer."
True, and this time around, I was one of those accommodating buyers.
Meanwhile, I'm holding the same number of AKP as I sold 4 months ago, but at half the capital exposure.
(No, I won't put all eggs into one basket. Diversification rules.)



the gap above $19 starts to look attractive now.

 

[Mango51]

"For every seller there was a buyer."
True, and this time around, I was one of those accommodating buyers.
Meanwhile, I'm holding the same number of AKP as I sold 4 months ago, but at half the capital exposure.
(No, I won't put all eggs into one basket. Diversification rules.)

View attachment 68800

the gap above $19 starts to look attractive now.

Pixel, maybe you need to consider some other issues with AKP when relying on charts. Today, AKP closed at $16.56, a drop of 58 cents, a 3.38% loss. A total of 10,787 shares were traded, out of a total of 26,893, 409.
We are talking a tiny fraction of total shares --- .000401
If this same percentage was to be applied to BHP, Rio Tinto or NAB etc, would we see the same result ? The answer is no. There are only 2,043 shareholders, as I have said before I am wary of people manipulating the SP to get nervous people to sell. Yes, I could have sold out and made a substantial profit.... but, I've always been worried that I couldn't get back in. So, I hold and I wait. My only worry right now is do I cook a turkey or a 5 kilo prime rib for Christmas.. happy days !!!!

 

[pixel]

Pixel, maybe you need to consider some other issues with AKP when relying on charts. Today, AKP closed at $16.56, a drop of 58 cents, a 3.38% loss. A total of 10,787 shares were traded, out of a total of 26,893, 409.
We are talking a tiny fraction of total shares --- .000401
If this same percentage was to be applied to BHP, Rio Tinto or NAB etc, would we see the same result ? The answer is no. There are only 2,043 shareholders, as I have said before I am wary of people manipulating the SP to get nervous people to sell. Yes, I could have sold out and made a substantial profit.... but, I've always been worried that I couldn't get back in. So, I hold and I wait. My only worry right now is do I cook a turkey or a 5 kilo prime rib for Christmas.. happy days !!!!

Merry Christmas, Mango
I see no need to overindulge, no matter what the Season.

Re AKP, the only facts I "need to consider" are the facts that show up in my charts. Anything else, especially opinions expressed in blogs from unknown sources, don't figure in my trading.

As to the chart though, the last few weeks have shown me some encouraging signs of a recovery. I took particular interest in the Fibonacci retracement from the High on 29/11 to tbe bottom on the 30th, and the subsequent rise until it broke the earlier resistance again today. That's when I bought again, but shall exit if it turns out to be a false break. Let's call it an even $20 must-hold support.



If it does continue upwards, $24 would seem the next logical target where resistance might show again.

 

[pixel]

exit if it turns out to be a false break. Let's call it an even $20 must-hold support

Instead of holding support, $20 held as resistance. You know what that means...

 

[Triathlete]

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.

AKP share price might be starting to pan out today.....not looking good at all today.....I guess this is an example of how $650K in profits disappears in a few months.

 

[Triathlete]

Looks like it is still in a downtrend,it has been pretty volatile these last two days...may find some support at $13-$14 is my thoughts at the moment.

I guess this target has been hit today after 7 weeks....where to now for AKP...?????