If there was strong institutional support I can assure you the shares wouldn't be trading at 39c and falling. One problem that they definately do have at the moment is very little institutional support. From what I have seen in the past few days, there is more institutions selling rather than buying. Perhaps some of those institutions that were supporting have now decided to exit. Maybe they are cutting their losses. It would seem a wonderful opportunity to average down on the placement recently at $1.30 but the selling keeps coming. Very strange indeed. Mind you this stock is not alone in that regard. As I said earlier this morning, someone definately wants out.
AMX Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)