Today had to be the best buying opportunity, i have been waiting for re-entry after waiting on the sidelines from $2.30.
What amazes me is how the market overreacted to today's write downs, when the comp. suggested they were contemplating these decisions back in May at the AGM. i saw it as a perfect opportunity to jump aboard, there was alot of large dumping, i just think that was tax-loss selling. Could see a bit of a bounce tomorrow on open.
Remember, not to long ago, AAX was trading at $16+, and the comp. has indicated that there are prospective tenders due to be announced within the next couple of months. Should be interesting to see where we go from here. IMO, minimal downside.
AAX Price at posting:
$1.80 Sentiment: LT Buy Disclosure: Held
