AJX 0.00% 1.1¢ alexium international group limited

Hindsight, page-226

  1. 1,094 Posts.
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    Charts are everything.

    According to the chartists, this stock is in distribution, which means that regardless of how much addressable revenue they earn or the deals they announce, the stock is going back to where it started (maybe 16 cents).

    At this rate, the MC will be the same as the revenue from the currently announced deals and then some will still call it overvalued.
 
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