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Getting close once again to 220. This has been a resistance area now a few times. This often means it will crack a to some point, though this is Alphawave so anything could happen!
I really thought the mention of a tie up with Intel would have made for a very positive day today. Or seems nothing will move this upwards at the moment
Nice pop just before the close on the Intel news. Hoping this is the turnaround point now and shorters start to bail. I can but hope!
A beer market near Christmas sounds amazing!
Apologies for my typos, I didn't proof read!
In my previous post I said I hope to share the xo pay reply to my question about an IBM announcement in May of this year on competing technology. I followed ot up qoth a question about recent share price activity. Here is John Lofton Holt's reply in person...
As a founder of the company, I wanted to respond to you personally. The founders of this company hold over 300M shares so believe me when I say that we feel your pain. Nevertheless, the stock movement is not reflecting reality of execution. So, we are sanguine about the long term prospects and expect the stock price to eventually reflect reality of business execution. We have also been consistently getting news out to the market on our performance and will continue to do so (at least every quarter and sometimes more frequently).
On your IBM question with respect to our announcements with SAMSUNG and TSMC, we can’t publicly comment on that given our confidentiality agreements. But I will say that the IBM announcement is a research announcement, not a production announcement. There is a vast difference between a research announcement and having a production ready technology. Since we are providing technology to the world’s largest semiconductor companies and hyperscalers that need to build production chips, we focus on the foundries that production-ready technology in the most advanced technologies. Currently, that is limited to TSMC and SAMSUNG. As new foundries introduce technologies that are production-ready, we will of course be keen support them also.
One other comment that I have shared with numerous other investors that have asked about the short situation - This could be an epic short squeeze situation given the technical setup in the stock right now (low liquidity, huge short interest, etc.). Stay tuned.
In the meantime, we will keep executing.
Regards,
John
Seeing this promptly turn around from a 10% daily loss to a daily gain of exactly what was needed. Someone who posts on here forecast a drip to the 150s for a beer trap before a big bounce. Let's hope they are right! In other news I questioned AWE on the current situation and also about their technology recently. I may be able to share some news very soon.
I admit to getting spooked by the negativity behind AWE right now and decided to do a bit of research. The company talk about 4nm chips and then 3nm. It seems IBM already announced 2nm chip technology in May 2021, so I have requested from AWE info about why they believe their tech is superior. It may well be that their application is different but it will be interesting to see if I receive a response and if so, what it is.
It would be interesting to be able to see Amazon's announcements when. They were starting out. I would guess they too announced jam tomorrow as building revenue streams takes time and the building blocks have to be in place.
... and the price drops! What AWE have to do to create a positive market view god only knows!
210 seems to be the current barrier that has been rebuffed a few times now. A break should mean a technical target of around 280 by my back of fag packet chart analysis!
It's good that once again the price has bounced off the 170s but I won't be getting carried away until we convincingly clear the last big bounce of around 280.
It's good that once again the price has bounced off the 170s but I won't be getting carried away until we clear the last big bounce of around 250.
I'm amazed at the perceived level.of knowledge here about a publicly listed company that Samsung seems got have no qualms doing business with. 75% of orders are false? Where's that come from?!
My first small purchase. I'd not even heard of these until I came across a podcast from Hargreaves Lansdown who said unlike a number of AIM stocks, they do not look overvalued. They seem to have bags of potential, especially near the first day trading level from earlier in the year. They'd also be a small morsel for a larger company to take over so I see a win win situation here.
The directors have not remained quiet. The past 2 weeks have seen positive news releases.
It is a FACT that Samsung are trading with Alphawave. This alone is enough to give me confidence to remain a holder.
I wouldn't imagine Samsung getting involved with a spurious company so this is great news. I really think Darktrace is having a knock on effect here to add to the perceived woes. I'm not selling that's for sure.
Xtw2 I have no idea what Wide Road even means! What I do see is a dropping share price in spite of the board refuting any allegations and a couple of director buys. I'd like to think the big funds that bought in at IPO knew what they were doing so that's some comfort. Who knows though??