well, charting wise - I am afraid - I can only resort to the one true technical indicator that I have found consistently works over the years -
If we never go sub 60 again - that leaves a gap of monster proportion on the chart ---------------- which, I have no philosophical problem with ---------- but, it would mean that 'investors' - ie. 'the market' actually got the significance of an announcement of a multi pass chemistry sale.
I am afraid - I just don't think 'the market' has anywhere near the intelligence and wisdom to get that one.
What I see is a very confused chart (maybe in more ways than one).
I can see upside from here - for a multitude of reasons ------------ HK for a start - new blood. And, then, a 4C that is welcomed by the market and then on to license agreements, DOD anns. of solid contracts, anns. of apparel deals - heaven knows what.
But, equally - I can see that the 'market' might overlook any of that ---- HK might be a fizzer - the 4C might be taken as either bad or ho hum - and the license and contracts will just stretch out and out and out.
i think the company is fine - in fact very fine - and, I believe that we will have a great CY and a fantastic half report ------ BUT, I can't say that I trust the market in any of this - I wouldn't trust it as far as I could spit into a strong wind.
We shall see.
Pinto
AJX Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
