You needs patience and it may not be suitable for day trader. Even though, now and then the share price may shoot upward 15% or more in one day for no apparent reason or announcement (eg in January 2004). It is a recovery stock with potential. It is debt free and has US$ 25 mil at June 2003 and please read the share holder update from the company on ASX announcement on 27/10/03 to know more on the company before doing anything. Anyway, if you can pick it up below 20c, it is excellent. Recently AXN sold their holding in OptiScan (OIL) and make once off abnormal profiyt at least of A$ 1.8 mil (minimum 18c profit per share times 9.64 mil share). See the ASX announcement on 12/2/04.
- Forums
- ASX - By Stock
- any opinions?
any opinions?, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online