Still here Frank, realised that I was posting WAY too much, induced a bit of confirmation bias (and was encouraging my own buying regardless of what was happening), macro picture has been and still is ugly. I admit to selling a few (never thought we'd go sub 70 cents again!) - mainly because I was way over exposed and need some funds soon - I have a decent core holding that won't be going anywhere, I'm so convinced that AJX has great prospects that the only way I see it failing in the long term is a total global meltdown or other low probability event - if that comes to pass I think the financial fall out will be the least of my worries! Much happier now that I'm only exposed to the degree that I can truly afford to lose it.
The way I see it there are many sitting on huge profits who are/have been happy to take some off the table and chance a trade back for a lower price or who are just happy to wait for the global picture to become clearer. I also think AJX is still a few quarters from the financials being undeniable, current levels could represent amazing buying or just a bit more distribution before a real bottom searching exercise begins - if the US markets tank to levels of support suggested by some observers there's every chance of a broad based sell off, particularly in speculative stocks - if that happens I'll be buying more where possible.
Looking forward to announcements, only expecting fireworks in the second half of the year but happy to be proven wrong!
AJX Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
