Chartists can tell me if I am wrong, but it seems like the only people that will make money in the short term on AXO are the short sellers. ( if they are allowed - cant be bothered finding out)This stock is still trending down!
For all the ho ha of the new funding guy, and all the speculation that comes with it, there hasn't been a change in direction in this stock. So if the market is always right, at what price do I bail.
It is obvious there is a raising coming. This stock, having no friends, will be sold down until a funding syndicate gets the most share leverage on the buy in.
Shame really, good asset , lousy management, and compliant registry. Charles and Mick have had a very long time to do something. Total all the funds they have raised since float, and look at the progress in the cold light of day. Dont blame GFC, deals could have been done before then.
Slow jockeys, with a new trainer. Maybe this horse will be better at the jumps instead of long distance. After that it is off to the knackery!
DYOR
Chartists can tell me if I am wrong, but it seems like the only...
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