Ann: Trading Halt, page-187

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25/10/15

03:47

Post #: 16247581
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Originally posted by ARMCH ↑

Lots of speculation, all very positive and hopefully we will see the current bullish looking price action continue and accelerate, the odds are petty good that it will. However don't get too carried away by the HT commentary, it is just a snapshot of a relatively smallish bunch of retail holders and not necessarily reflective of the wider AJX community, particularly the institutional holders and some larger retail holders.

There is a good chance that we will see the SP appreciate in the short term and long term, the fundamentals are pointing that way. However take into account that the price could also go south even after an early jump, it does surprisingly often on what seems unassailably positive news. It only needs an institutional holder or two deciding to sell into the rise. Plus with a lot of price history around 90 cents expect a lot of stops to be clustered in that area as well as well as the potential for ambush stops around the $1 level..

I don't want to rain on the parade but I have been doing this stuff for a long time and have learnt not to take these moments for granted. Be prepared and think about what you might do if the price goes the wrong way.

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having been in the market full time for 12 years and literally owning thousands of stocks over that time this post rings very true. The market loves to pretend its baked in certain news........often it has. However usually when a company announcements its BIG news there isnt much to come after it.........they need years to build that plant, raise cash, get permits, build sales (after FDA), partnerships ect. Not so with Alexium, but dont be surprised if market tries to pretend to ho-hum.

Ive had a few quite celebratory ones tonight and the Mrs asks.......but what if its the price doesnt go up? My answer, i dont care what the market thinks.....i know what it means. Make no mistake, this a MAJOR leg completed in the marathon. Our company will be significantly better no matter what happen to the SP short term.

AJX Price at posting: 94.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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