BRN - Brainchip Holdings

[over9k]

He knows how to spruik, I'll give him that.

 

[verce]

I think this will end in tears.

 

[tech/a]

Haven't been watching for a while.
This is getting interesting at the low of the V/C bar (Current 3 days ago)
Think Ill have a small position.

 

[SuperGlue]

Haven't been watching for a while.
This is getting interesting at the low of the V/C bar (Current 3 days ago)
Think Ill have a small position.

Hope you jump in on Friday tech.
All eyes on BRN today.

Announcement this morning.
Akida validated, I presume it's working in simple words.

https://www.asx.com.au/asxpdf/20200914/pdf/44mlgrj4vy550c.pdf

 

[over9k]

Well it's had another nice bounce this morning.

 

[MovingAverage]

BRN got smashed yesterday and no posts here. Is the party over or is this a "pullback" buying opportunity have you started crying @verce

 

[over9k]

I noticed that yesterday but hadn't made it to this thread yet.

A lot of bums had to be very sore yesterday. I'm in it long term for a 500 buck minimum trade so I'm fairly indifferent to anything other than triple digit movements.

 

[MovingAverage]

some profit taking was inevitable

 

[Joules MM1]

gap 0.305's looks a little magnetic, there is a gap at 0.200's, gaps due to auction opening structure, hard to see the lower one being a draw

let the fear get back in and sugar crowd to thin out ....the question is now whether the chip can give an edge to the test groups

another cap raise, then another and another .....this remains a very expensive stock

 

[Dona Ferentes]

The Immense Power Of The Brainchip (ASX: BRN) To Drive Share Prices Higher

The Brainchip (ASX: BRN) share price has enjoyed a dream run, from $0.05 to almost $1. But has the dream turned delusional?

arichlife.com.au

"I think that the chances that the company can sustain a market capitalisation of $1b for long seem very low indeed. Of course, I might be wrong.

"Whether it is deserved or not, Brainchip will certainly go down in history as one of the most hyped up stocks the ASX has ever seen as of September 2020. Certainly, I have never seen $1.3b in market cap for a company with $14,000 in half year revenue, before. But if dedicated Facebook groups, and meme-generating Reddits remain as dedicated to promoting speculative stocks as they have been these past few months, we may well see other stocks rise just as high on the power of the dream.
...

 

[Smurf1976]

BRN got smashed yesterday and no posts here. Is the party over or is this a "pullback" buying opportunity have you started crying @verce

Not a stock I own or know much about but I do know that it's the stock everyone's raving about how good it is.

I take that as a warning when it's the favoured stock pick among the public.

 

[galumay]

"I think that the chances that the company can sustain a market capitalisation of $1b for long seem very low indeed. Of course, I might be wrong.

Claude is a mate of mine, so probably biased, but he has a good understanding of business analysis and investor psychology - from both of those aspects BRN is definitely a business to avoid IMO! Hopefully not too many get hurt when it blows up.

 

[MovingAverage]

All quiet on the BRN front

 

[over9k]

Claude is a mate of mine, so probably biased, but he has a good understanding of business analysis and investor psychology - from both of those aspects BRN is definitely a business to avoid IMO! Hopefully not too many get hurt when it blows up.

care to elaborate on this?

 

[lucifuge1968]

moment of truth

 

[over9k]

So apparently our stupidity has made the news & wallstreetbets have gotten all the credit for it

 

[galumay]

care to elaborate on this?

In what way?? As per the article, and I genuinely hope not too many speculators get rekt when it blows up.

 

[MovingAverage]

So apparently our stupidity has made the news & wallstreetbets have gotten all the credit for it

This little old retail investor was feeling like a schumk because I left money on the table cashing in with a 320% gain on BRN. Got to admit I'm feeling less of a schmuk now.

 

[sptrawler]

This little old retail investor was feeling like a schumk because I left money on the table cashing in with a 320% gain on BRN. Got to admit I'm feeling less of a schmuk now.

It does all seem like gambling though, except for those who charted and won, they should take a lot of credit. Good system, good belief in the system and good payout from the system.

 

[Dona Ferentes]

Ordinarily a cash strapped tech company that achieved unicorn status such as Brainchip might be expected to take advantage of a rocketing share price to raise capital to shore up the balance sheet, given the requirement to invest ahead.

Instead, some US institutional investors have regularly been cashing in cheap options to help the company raise some cash. On 30 September it issued another 15 million shares at 15¢ each to unnamed institutional investors.
Could it be the company is struggling to raise money at prices above 15c?