AAX 0.00% 39.5¢ ausenco limited

aax fall from grace, page-12

  1. DSD
    15,811 Posts.
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    Finally some volume and WOOOOOOOSHKA!! Up 18%. As i posted earlier this week there clearly was distressed selling occurring and below $4.oo was a 'no-brainer.' Well done to Spek and others who topped up at bargain-basement prices but gotta feel for many small players forced out at huge discounts to their buy-price. AAX should steady now and slowly climb back to a PE of about 7 or 8. Waaaay oversold in a horror month for many mining engineering stks.
 
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