Look this is what i think happened!! Someone or group is depressing the SP Of AXM. It started out with lack of shares volume trading, that "investor" purposely keeping the SP down by offering small volume of his/her share lower than whatever the SP was at the time.This tactic stand as a bait to those unsuspectiing investors who got scare and bailing out. Thus "investors" buy out the excess volume and stacking at 0.005 higher then whatever the " investor" paid for. To cite an example yesterday around 11.54 am, someone(maybe "investor/Vulture) selling down to 0.135 at volume around 150K, subsequently buy back at 200K+ at the time space of 3 minutes, what it means this investors gain 50K+ at the price that he wanted at the expanse of other investors.( Look i knew someone employed this tactic and gain lots of benefit from it but you have to wait and with the capacity of holding) Sorry i can't prove it case by case but the trend seems to suggest what i'm suspecting.
AXM has a lot of potential and up side, no matter how low it gets, it will bounce back up in vengence, after all it is manipulated cyclical in nature.
Above are just my honest opinion, not to be taken as an advice for your finacial planning.
Good luck to all
AXM Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
