trading activity, page-4

Rockford -

Exactly why i choose to follow the fundementals of the company , rather than dwell on share price and charts which are largely manipulated, either:

A) in a direct sense by brokers using algorithms , or

B) in a secondary sense by traders buying and selling based on chart voodoo and xyz indicators.

Highly traded and somewhat illiquid stocks like amx tend to suffer from self fulfulling chart prophecies ( a kind of manipulation if you think about it ) Hence , when it rallies , it rallies hard . When it slides , its slides like a mofo! ie. the traders are calling the shots and will amplify these movements.

If the fundemental analysis ticks the boxes , then full value will be unlocked in the fullness of time. And AMX's full value ain't anywhere down at these levels.

Ps . speaking of charts ..... that gap from this mornings open is now filled. Next gap to be filled at 89c . Traders will be liking this setup imo.