AJX 0.00% 1.2¢ alexium international group limited

Nasdaq, page-11

  1. 83,646 Posts.
    lightbulb Created with Sketch. 75
    morning all,

    agree ------ and with any stock - for an insto sized entity - you don't fiddle with 10,000 shares at a time - you have to have some sort of volume to make it worth it -

    imagine being stuck naked with Alexium and it gets a deal inked - or similar -- what a disaster that would be - and for what potential return would the risk be? -- very small is my guess.

    Especially when we are talking about the entry to Nasdaq - with exposure to a far larger market who have never heard of Alexium - have never been concerned because the SP has dropped from 117 to 50 and couldn't give a toss if they missed a target that they set a year in advance between one and 2 years ago - and, look like they might have just mistimed it by a quarter or a quarter and a bit.

    Gees - I can't think of a more dangerous short - and, they all carry a huge risk anyway.

    Also - the 'market maker' would be coming into this expecting to make money out of the ADR business ---------- hence, expecting to trade some volume - and, if one even for a few seconds looks a the volume on Alexium - on a quarterly basis ------ when you get volume - the price goes one way ------------- UP

    as the price has been correcting in the last year plus - the volume has gone to a trickle.

    To me - shorting this makes zero sense at all.

    Look at the chart -- for a short - to me - this has got danger written all over it - it could turn at any time - and, if it does - how the hell would you cover?

    Better to either do nothing and stick to the ADR business or go long if anything (are they even allowed to trade in stocks they package for????)

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Last
1.2¢
Change
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Mkt cap ! $18.74M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 462637 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 420051 3
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Last trade - 10.16am 05/07/2024 (20 minute delay) ?
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