it is also funny how one of the biggest downrampers who was potentially linked with one US dummy spitter - has since been suspended from HC - but, still looks in - including yesterday.
That's an awfully long time to hold a grudge - or is it that they are still in paid employment to watch or personally look to take stock from the board here?
There are certainly at least 2 trading companies here who have issues - there could be more.
That can effect an SP - but, hopefully it cannot effect a business and how it is run or growing.
The last days of big black candles look different - and, then, we hear that one broker is done with selling ---------- those black candles may well be coincident with that (maybe not also).
If they are - then, we well may have hit bottom already - even though there is no clear bottom on the chart technically - there doesn't have to be though - charting is theory and art -------- not law.
If the information is correct - then, whether or not we have hit bottom - what should be is that a strong southward pressure would have been relieved - so, that will make a hell of a difference to SP movement - one would hope.
We are now in March - and, at a guess, a lot is happening and will happen in March and early April - including a visit by at least Dirk to Australia ----------- reasons??????? -
but, whatever the reasons - they will be positive. He won't be coming to Australia to tell insto's to keep their money in their pocket because we are going nowhere will he?
More likely - business contacts - possibly military - possibly supply, and I would risk a bet on - insto. etc. contacts.
All we see, bar a couple of bloopers is good news ----------- yes, we didn't make what we expected in Cal. 2015 - and, yes, there have been a few delays ---------- but, in the overall - those things are swamped by polymer new product and early contacts - larger military and having the award in the bag - guaranteeing income at some stage this year and thereon, add in bedding etc. etc. and what we have is a solid story -- what we don't have is an SP heading north yet after a major retrace -------------- but, SP does not relate to business ----------- rarely does a price match value - and, often they are wildly opposed.
I suggest for every small minded dummyspitter out there - there is more than likely 5 big pockets watching with great interest ------------- and, keen to get in.
The monthly volume strongly suggests a lot of holding and minimal buying and selling - because, people are holding.
That is fact - all one needs to do is look at the volume bars.
The real question is why are they holding when the SP has gone from 117 to 55?
The answer is - because they are more interested in keeping a slice of the business than they are concerned about the price of a share.
The future will dictate if the wisdom is sound.
You all know which way I think it will go.
have a great day all
Pinto
AJX Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
