Timeto return from my 6 month self imposed exile from posting on AXE...
Asmost long term holders will know I have been on board AXE for over10+ years but the last year has been hard, as a long term shareholder watching the SP fall day in day out through constantmanipulation and with minimal amounts of shares needed to short thisstock which trades on thin volume, align this with a falling shareprice has made easy money for a small few at the cost of long andshort term holders.
Clearlythroughout really positive updates Mohammad put out last year theywere all met with small spikes and further sell downs… this year Ido understand that the markets would only turn favourable to AXE oncethings started to align… (I hope this is the time). I last met withMohammed last February while on holiday in Sydney – that was whenthe share price broke down through the 60 cents and as much as he wasfrustrated by the SP he was very focused on the long term goal and inmy eyes I took that as we'd have to be more patient and let him dowhat he does best, and for once not try and manage the daily shareprice movements.
Sowhat is now causing this SP turnaround…???
1)On Monday I believe any short shareholder may have bought back inclosing out any shorts when buyers suddenly turned up at our doorwhich helped push up the share price.
2)Yes I believe that the turnaround in the US chip sector has brought eyesto AXE but not to the levels we are seeing.
3)The WEF announcement…. Long term holders would clearly remember AXEannouncing a Quantum computing agreement with IBM which sparked theraise in the SP which eventually went north of $3 in the year tofollow, that was until everyone’s mate Tom got involved. As much asthis announcement with WEF didn’t spark an immediate lift in our SPcould it be the reason now..?
4)Mohammad has visited the States a number of occasions now and hewould now be well recognised within the circles Archer wants to mixin. Could we be close to an agreement with any one of these…? Thissolid buying is coming form somewhere and could be people in the know(and I'm not saying within Archer) but third parties, lawyers,advisers etc etc…
5)A newsletter recommendation…? Ironically one of these issued a sellon Archer only a few weeks ago at 40 cents to protect theirsubscribers...lol and if it was a newsletter then that would notexplain the flat buying on Tuesday followed by today's smash and grabat higher levels…?
6)Or general improvement in market sentiment in our sector and manypeople that have Axe on their radar (mum & dads) waiting for itto turn the corner now scrambling to get back on board (FOMO)…?
Mythoughts and hopes are 4 as I believe that would really give usthe re-rate we all desire….
Alsowe haven’t really had more than a couple of updates this year so Iwould expect that the next one could be a big one.
Timewill tell and yes I'm sure Tonza like me, is still in the building.
(20min delay)