tig22 , hold stock& sentiment -, l.t. buy, ? is this correct? cheers nic,
Hold 150K shares @ between 24 - 26 cents. Long term forecast (2010 onward) by analysts looks promising. Am considering buying more thinking that if AXM paid a 5c Div in 2-3 years it would be great return on investment at current share price.
Like most sharemarket investors the two dominant emotions are greed and fear. (Greed factor)Would be upset if SP went into 30's and didn't buy more in the 20's. (Fear factor) Don't want to buy on hype if company announcements don't support expectations and share price drops back to low or below 20c.
Thus I asked the question of AXM posters, "What makes them think the SP will sky rocket?" I just cannot see it on current evidence, but is there some fact or formula I should take into account.
I trust I have answered your query Nic. As originally posted, I am genuinely interested to hear any info that would help me make an informed decision to Buy, Hold or otherwise.
Kind regards.
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