Brn - brainchip holdings

[biker]

Brainchip to enter S&P/ASX All Technology Index on 21 Sept. That may explain the increase in volumes today as institutions buy in.
Was up 13.1% from 49.5c to 56c yesterday on turnover of $24m. Turnover $69m already today.

https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ZSP&timeframe= D&period=M6

S&P/ASX All Technology Index – Effective at the Open on September 21, 2020

Action	Code	Company
Addition	BRN	Brainchip Holdings Ltd
Addition	DDR	Dicker Data Limited
Addition	EVS	Envirosuite Limited
Addition	M7T	Mach7 Technologies Limited
Addition	NVX	Novonix Limited
Addition	SPT	Splitit Payments Ltd
Addition	SZL	Sezzle Inc.
Addition	WSP	Whispir Limited

Thanks Moka

[moka]

Brainchip playing with the big boys today on the ASX, 4th highest value turnover after CSL, FMG, APT with $101,178,297. More than BHP even.
Also the biggest gainer on ASX at 30.4%, up 17c to $0.730.
And it hit the $1bn market cap today as well at 64.5c.
Perhaps institutions buying on yesterday’s announcement of inclusion in S&P/ASX All Technology Index on 21 Sept.

It hit 62.5c in 2015 when it reversed listed so any long term holders who bought at that price are finally in the green.
And blue skies ahead as the rocket ship heads for space.

[moka]

https://www.fool.com.au/2020/09/08/why-the-brainchip-asxbrn-share-price-soared-30-today/

Why the Brainchip (ASX:BRN) share price soared 30% today.
It’s possible that last week’s positive news contributed to the Brainchip share price soaring higher today.
The Brainchip share price is up 2333.33% since its 52-week low of 3 cents, and up 1360% since the beginning of the year. The Brainchip share price is 1725% higher than this time last year.

[RupertBear]

Thanks for your posts Moka

[biker]

Don’t know what’s going on here. Down day on Tech in the US overnight but over 80c and 10% up this morning.
40 million shares 30 million dollars Traded in less than 30 mins.
I bought these at 17c and have no idea when to sell.
Considered selling Some after opening to Take out my initial cost but now at 86c would have missed several thousand dollars
And it’s just touched 89c up 22%. WTF??

[biker]

This is entertainment if nothing else. Now up 30%

[biker]

Whew! Topped out and dropping back

[moka]

Turnover today $178M, so a bigger day than yesterday. Nearly $100m in the first hour so there were a lot of very enthusiastic buyers.
It had the 5^th largest $ turnover on ASX behind APT, BHP, CSL, & CBA, and it was the only one where the share price rose. A sea of red today on ASX and BRN was up 2c 2.7% to 75c.
A very volatile day for BRN with low of 62c and high of 97c. So nearly reached $1.
Brainchip got free advertising last night on ABC, Tuesday finance with Alan Kohler, which might explain some of the new buyers.

BRN may be the next “hot stock’ as people exit from ATM, APT, and other BNPL stocks which are falling because Pay Pal is entering the BNPL market. So expect some exciting times. The traders will be active and it will probably be volatile like ATM was when it was below $10. But plenty of long term holders too who see the potential of Brainchip.
We are expecting more announcements in the next month, validation of the testing of the Akida chip, and some other deals.

Alan Kohler did an interview with BRN CEO Louis diNardo in January 2018 so is familiar with the company. A link to the interview on Kohler’s twitter account.
https://www.abc.net.au/news/2020-09-.../12642790?nw=0
https://twitter.com/alankohler/statu...79564061978624

[moka]

Transcript and video of recent interview with CEO Lou DiNardo.

https://www.finnewsnetwork.com.au/ar...ork286768.html
BrainChip Holdings (ASX:BRN) Akida development agreement.

Lou DiNardo: The next couple of quarters, as we finish out this year, we will go through the validation process of each of the functional blocks on the IC, manufacture the evaluation boards, get them in the hands of customers. As we get into the first and second quarter of next year, that'll be reduced to practice, hopefully by our customers as we expect. And we'll start to see things go into end equipment, where they'll do their testing and validation of the entire system.

[Joshuatree]

https://youtu.be/YXUZEb5Fr1c