BRN - Brainchip holdings

Discussion in 'Stocks & Derivatives' started by heartastack, Dec 21, 2016.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    Hi All,

    I haven't got a much time to post, so just going to drop this here and ask whether anyone is already in this stock or has any personal thoughts? I've frustratingly watched it climb from the ~16c low as the next buy on my watch list but never freed up the funds.

    Cheers
     
    heartastack, Dec 21, 2016
    #1
  2. SilverSanchez

    SilverSanchez Active Member

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    0.24 - 0.325 range good support/resistance if it breaks above 0.325 be a buyer but wait until it breaks (and let 0.31 be your stop). this is just chart looking. OWN RISK I know nothing about this stock's fundamentals.

    if it breaks below 0.15 - your probably looking at 0.05 as the next target
     
    SilverSanchez, Dec 22, 2016
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  3. SilverSanchez

    SilverSanchez Active Member

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    Fundamentally they look crap

    costs are over cash reserves - unless they make some money they cant survive without raising cash next quarter - and they have 700m shares outstanding already!

    Forget about em - move on
     
    SilverSanchez, Dec 22, 2016
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