While manipulation etc probably does exist I believe it is a mistake to included it into you trading mentality...
It allows people to justify holding losing trades for longer then they should.
Watch for news and further developments with regards to capital raising but not for signs of shadow puppeteers...
AXM does have problems and as the last price sensitive announcement proved (which had more or less leaked out on hotcopper a few weeks before its release) that management are not keen on conveying the situation to its shareholders...
Rdgs
AXM Price at posting:
7.5¢ Sentiment: Sell Disclosure: Not Held