Brn - brainchip holdings

[biker]

Whew! Topped out and dropping back

[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??

Interesting to look back at this post from just 16 months ago.
Happy to say I never sold any back then and still haven’t.

[Aotea]

Interesting to look back at this post from just 16 months ago.
Happy to say I never sold any back then and still haven’t.

Biker, BRN is a crazy stock and one that is hard to put a value on. It could go to $30 a share or go bankrupt.
Am holding and will simply because they are potentially one of those rare stocks that changes your life.

[biker]

This is entertainment if nothing else. Now up 30%

[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

[moka]

The games and manipulation have started. Brainchip was shorted last week so there was an article in the AFR downramping it letting investors know that the stock they purchased earlier in the week at 80c or 90c was actually in a bubble. Shaking the tree to get rid of any loose fruit.

As someone said when traders who are savvy play down the share price it is a good indicator that the herd are on to something.
Someone commented that some of these shorters must have a serious CHIP on their shoulder.

BRN closed on Friday at 64.5c down 11c, 14.6% with $55m turnover, and it was in the top 10 on ASX for volume. But it finished up 15 cents on last Friday's close.

https://www.afr.com/markets/equity-m...0200910-p55u86
BrainChip's rally stirs the bubble-meter.
The emergence of Facebook stock-tipping favourite BrainChip Holdings as an ASX unicorn has convinced some market watchers that the speculation taking over the Australian market is now at world-class levels of hype without substance.
BrainChip shares advanced slightly on Thursday, for a return this week alone of 53.5 per cent. The shares last traded at 76¢, equivalent to $1.2 billion in market value.

BrainChip's rally caught the attention of Sujit Dey from Credit Suisse's hedge fund sales desk, who admitted he still doesn't understand what it does even after reading its filings.
"This situation definitely takes the cake when it comes to bubble indicators in this market," Mr Dey told clients in an email circulated on Thursday morning. "I thought I’d seen it all!"
It's almost impossible to short the stock because there aren't enough institutional investors on the register to provide their securities for lending. Commsec and Openmarket dominate the trading volume according to Mr Dey, which "gives a good indication of the type of buyers that are moving this stock".
One fund manager said they tried to secure stock to borrow but "there is none available, so that helps explain why no one is stepping in to sell it".

[moka]

Another AFR article, more positive this time.

https://www.afr.com/markets/equity-m...0200909-p55trn
'Minnow to unicorn': BrainChip tops $1.4b valuation
Since September 2 iBrainchip has added around $936 million in value, going from 31¢ to 91¢, after announcing an agreement to offer space-industry player Vorago Technologies early access to its brain-chip named Akida.
Institutional shareholders include Regal Funds Management, Thorney Technologies and Metals X Ltd.
The artificially intelligent chip maker's story is also extremely popular among retail investors, some of whom entered the sharemarket for the first time in 2020, as government stimulus payments and lockdowns encourage speculation
Stock-tipping forums for less-sophisticated retail investors such as HotCopper and Facebook's ASX Stock Tip Group also readily discuss the business.
Billionaire investor and significant shareholder Mr Waislitz suggested BrainChip, if successful, could become a takeover target for giant semi-conductor players such as Intel, Nvidia and Micron.
"The onus is now very much on the company to deliver substantial revenue from the deals it has announced. If it can live up to this promise, it would not be a surprise to see BrainChip come on to the radar of the major players in the global chip industry. We are watching it closely."

[moka]

https://www.youtube.com/watch?v=kGjKCBQmCmY
Is Brainchip A Buy? (ASX: BRN) | Stock Analysis | High Growth Tech Stock, by Project One


https://www.youtube.com/watch?v=-NSa7cljtis
nabtrade. Big winner this week was Brainchip. Anything that has NASA in it is going to get everyone’s attention. Most traded by number of accounts, so a wide of range of people wanted a piece of it. It’s absolutely unheard of. It’s where everyone wants to be.