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BRN - Brainchip Holdings

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Company is to be the leader in next generation AI technology. Akida chip has been further upgraded and final production version is now in the hands of customers.
Some reading on BRN:
file:///C:/Users/valch/Downloads/BrainChip+Holdings+research+initiation+report+-+20+08+2021.pdf
 
Sorry, report did not come through.
Google 'Pitt Street Research Report on Brainchip Holdings'.
Report is very detailed.
 
Nudging into blue sky territory 'just'.

Be interesting to see if the steam train continues...
 
Based on the 2020 move up circa 90c this similar move off 40c would position a potential top at 1.30
The only thing that will be right is time…??
 
They have shrugged off the speeding ticket from the ASX last week and have continued on higher up another 16% this morning.

I'm happy to continue holding and enjoying the ride and will sell when my system tells me.
 
BoNeZ said:
They have shrugged off the speeding ticket from the ASX last week and have continued on higher up another 16% this morning.

I'm happy to continue holding and enjoying the ride and will sell when my system tells me.
Click to expand...
well done you gotta love a system removing the emotion
 
Wowee
That got intense
Sold remaining position at $1.745
That was like a one night stand that experience only a whole lot more profitable
 
Colm Doc said:
Well done, do you think you would buy back in on a price drop? I think this stock is on the way up.
Click to expand...
Yes for sure.
Will wait to see if the gap gets filled below $1.47 in the coming days trade. If it does then I’ll monitor further support levels before trying to catch a falling knife. Past experience has left me with only three fingers on one hand from trying to predict rather than being patient and waiting for patterns to form.
 
I've started a 'yesterday's heroes' (YH) list because of this stock. It's a 'pattern' that I've seen before. By dint of its very long term nature the stock will always fade into obscurity - not only in the market mind but one's own mind. BRN might not be the perfect model for YH's but will do for now.

BRN did a twenty bagger in two months back in 2015 . Not of importance to my model but note the basing period with sml candles before 2015, so similar to the run-up to this later impulsive move.
There was a lot of excited chat about it but I didn't tune in - not my kind of stock.
Then the grizzling set in on forums as the stock went through a 5 year steep bear and basing move. I did notice this from time to time and this set my dull prejudice that it was a fad pump and dump stock.
So I was totally ignorant of the final phase before lift-off. This is the crucial thing to be alerted by: the stock stops falling and goes through that lifeless basing period (2019-20) with tiny candles. Commentary has died off. Additionally here you could have noted the blips of positive volume (May-June 2019) and rising momentum indications - those two not essential.

So in a nutshell:
  • If a stock goes super popular and gets commentators excited, take note whatever it is.
  • If commentary dies down or better still gets abusive, check the chart.
  • If in a deep decline put it on the potential YH list.
  • A long dead basing pattern with tiny candles makes it a true YH. Stock's on life support.
Check list once a month or so the monthly charts looking for basing patterns.
Advice to self - dont get bored out of checking monthly for strengthening signs, it could take years - keep your other hobbies going.

So far on my potential YH list: PPK, MFG, PTM, AVH
They don't fit the pattern yet, being only in steep decline, but might continue and languish long term.
I know I've seen 'other BRNs' but can't remember the specific stocks. I suppose most of the uranium stocks would have come close to fitting the bill - Paladin Energy (PDN) is a ripper - need a Qtrly chart for that one. The goldie RMS descended from a rampant bull in 2006-07 to YH status in 2014 when gold stocks were hated (see thumb) - a subsequent 40 bagger, or 15 bagger if you got on later.

BRN All Data Mthly


RMS All Data Mthly
 

Pick any lithium stock, with just an 'exploration target' to add to the list. It's tulip mania. Tradeable, but nuts.
 
@Sean K Yes, easy to see Li stocks crashing, although I might be biased as I have completely dipped out on all the battery metals theme. PLS has amost already qualified as a yesterday's hero, 2018-19-20, but a weak example I guess. Maybe with 5 years or so of decline and base after the next crash Liontown (LTR)?

PLS Mthly
 

I think Li is like U in 2006. I rode that with some quite substantial gains. But it topped out, and I lost a lot on paper as well. There may be some more gains to go with Li, but you need to have a chair.
 
TechnoCap said:
Nudging into blue sky territory 'just'. .... Be interesting to see if the steam train continues...
Click to expand...
and by 20 Jan, was $2.22 for a short time. A graceful retreat to below the snowline.

Am not sure when this opinion piece was recorded, but, hey, they probably called it. Now $1.40 (again)!
Livewire readers love small caps. That said, your most-tipped smalls for 2021 took quite the tumble. These reader favourites fell 14% in a year when the benchmark, the S&P/ASX Small Ordinaries, lifted 12.75%...
Click to expand...

Ally Selby ( Livewire Markets ) : Staying with you, Josh. Next, we have Brainchip Holdings. Its share price is already on a run this year. It's up 122% year to date. Is it a buy, hold or sell?

Josh Clark ( QVG Capital ) (SELL) : I think this one's fascinating and really unique. I think Brainchip is a sell. The valuation for me is outrageous. The last quarterly, I think they did $112,000 of cash receipts for a valuation that was $3 billion last time I looked. I mean, they've got some revenue coming their way with a deal that's come across the table for them, a bit over $2 million revenue coming their way, but that doesn't put a dent in the $3 billion market cap in any sense.

And the other quick interesting anecdote that I'll slip in is I had a look on YouTube at some videos on Brainchip and the ones that are talking about the stock were getting views of between 10,000 to 20,000. And the ones that were talking about the underlying technology and its uses are getting views of around 500. So, I think the stock price has a lot more excitement in it than the underlying technology at this point. So sell.

Ally Selby: It actually finally bagged a new CEO and it recently announced a deal with Mercedes. Over to you, John. Is it a buy, hold or sell?

John Deniz ( Paragon Funds Mgmt. ) (SELL) : No, I'm with Josh here. It's a big sell, indeed. It's been on a tear and well done onto anyone that's made money in it. But as Josh said, at a $3 billion market cap, no revenue, high cash burn, it's defying gravity.
 
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