The SP of a company in AJX's current position is inherently vulnerable, because it is based on potential.
In this situation large swings are par for the course and manipulation tactics are very effective, because there are no revenue figures to support the price.
I made a call last week that I thought we were destined for new 52week lows, gladly I'm wrong to date. But I know if I was a big player or Insto and I liked the story of AJX, I would be looking at current market conditions and seeing an opportunity to push the price down. It actually surprises me that there has been such little manipulation over the past month.
I would expect a nice announcement accompanying Nick and Dirk's visit (hopefully confirmed contract with named client), combine this with entry into ASX300, business with Murdock Webbing and the big boys may have missed their opportunity. Throw in a decent March Quarterly Report, they definitely missed their opportunity.
AJX Price at posting:
73.5¢ Sentiment: Hold Disclosure: Held
