Newsletter, page-106

Apologies for the low content post but AJX seems to be on the simmer again, the ridiculous 100,000 sells largely seem to evaporate as the bid approaches them, technical resistance sits at 0.590 so the 0.595 and 0.600 sells might present a genuine hurdle if interest picks up. "sell in May" and tax loss selling could well persist until June, but with TA hopefully showing signs of bottoming and the FA timeline aligning next month things are potentially set for a run.

The last few emails indicate that the DoD saga is entering its final phase and that larger scale US military dollar might finally start arriving CY2016 or early CY2017. Fingers crossed we have more polymer/resin developments too. A ridiculously easy hold IMO, not surprised that others have been topping up.