ASX Shares Brainchip (BRN)

So annoying, topped up trading account over the weekend to try and buy in advance of any announcements
, but too slow.

 

Its ok - its dropped back down to .66 now..

 

It's done the same thing 3 days in a row....

Sold a little at 0.78

 

Watch: BrainChip's (ASX:BRN) Akida design is validated | The West Australian

 

And bought back in....

 

down to .53 now..

 

In.

 

Sold my holding.

 

.49, might add more.

 

Any idea what has triggered the sell off?

 

Institutional investors holding price down, scaring new unseasoned investors and selling off at a loss.

The institutions are doing this to keep the price down on BRN on entry int the S&P ASX All Tech Index. Once its in and its shareprice flies, they will look like messiah's to all their clients.

 

Isn’t it already on the XTX as part of this months rebalance?

 

Enters index on 21st Sept.

 

Don't understand why people would invest in this company. They have been talking the same thing over and over again in last few years and the investor presentation done in August for the June update looks like was drafted by 10 years old and why use photoshed photo on the latest announcement? But I guess there are a lot of people believe in this company or a lot of people believe a lot of people believe in this company such as traders.

 

Not really, most of the buyer are retail, please check below article from AFR

BrainChip's rally stirs the bubble-meter

But GLTA. if they can finally commercialise the chips.

 

The simple way is look at this in very simple terms,you wouldn't trust a self driving car if on a scale it was only 99 per cent accurate..

The face value of any ''AI''s worth is generally but not always is judged by it's ability to solve problems ,look at Doctors or any other employment ''IF'' they are 60--75 per cent accurate in diagnosing many things ,then you will have human plus machines hitting 90 --99 per-cent it has the be a huge improvement..
This is a quote from computer scientist --Larry Tesler--..
''intelligence is what ever machines haven't done yet ''



Still holding everything..imho..

 

So... stock up before Monday?..

 

Nor,do It must be some people make sense of the goobeldy gook put out by the company and somehow construe profits. My more spec money is on ASML It is in Full scale production, got growing market share, fast growing revenue and competetive. You can have the best idea in the world but if it is not competetive it wont scale. Micro chips are very price sensitive as billions are used. I might look at BRN when it gets to about $2.50 or $3.00 if it gets to that price it means it may have a commercial reality and a runway for success.

 

Perhaps study up on the company to understand why the SP has gone up.
Yes, it has taken them 10 years, but they now have a working chip that has undergone validation and they have 2 dozen NDA's that they're working on.

 

Ahh, the devil is in the detail, I was once told. There is plenty of information on their website that explains the "goobeldy gook", and if you're game enough they have plenty of patents for some light reading.

Its up to each individual themselves to decide on whether they want to trade or invest in a company. However, when I look at this technology, it is groundbreaking to say the least.
Not many people understood what Bezos was trying to do from his office in the garage 20+ years ago, nor do I want to be like that person who sold his $800 worth of apple share that are worth millions now.

Read up on the tech and make the decision that's best for you.

Brainchip (ASX:BRN) - AI at the edge | The Inside Investor