no holders of significance have been selling , there have been no changes to substantial holdings to the negative what so ever.....what does this tell you ? it tells you that only the weaker hands have let go of their stock, and the insto's have been welcoming the little volume on offer with some buying...
When the big boys decide to start buying again, and they will, amx will bounce hard back up to $3 mark imho...
March - June 2011 has been the best buying opp on amx i've seen since late 2009, just before it really started to run.
Funny how it was the Burkina faso unrest that triggered the downward trend (before all goldies started getting some grief) And now that the media has given up on that Burkina beat up story , amx has still been languishing around current levels?? -- > The market has yet to factor in the restabilizing of Burkina back into the equation imo.
Will take a few weeks of positive news to get things moving , but when it does, i think it will move fast. As long as the POG plays its part of course.....
There is going to be huge consolidation in the industry also , already has begun, and amx have a huge target painted on their heads. I only see upside from here....
AMX Price at posting:
$1.71 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)