mna .. agree with you 100%, thats why I suggested that this likely won't go anywhere for several months.... until the next quarterly.
There is a fair amount of volume out there , in the millions every day and the price is not advancing an inch, even on days like today when by all rights it should have (even a little) .. hence my comment that there seems to be a bias towards selling.
As for trading AXM... I don't know who is doing it , I have a sell stop loss for 25 cents and hope it does not get hit since I also said many times that long term this should be a winner.
Still in this caper one never knows.
As it stands I don't even bother looking at the AXM share price during the day since I don't expect anything short term and only look at it once a day for a few seconds at random times.
Since I can't say for sure what amounts are being traded by whom so I'll defer to JB's judgement that this is being accumulated .
AXM Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held