personally my analysis is pointing towards an aggressive short seller or two. A short term sentiment based accumulation strategy.
We will know soon enough.
If it is short selling then it will abruptly end and we may even see a v shaped recovery.
I still believe that the gold is there, the debt is low and the promise of future profitability is achievable. If AAM were to falter now, its assets alone would EASILY exceed the current market cap.
Sentiment change to hold, with LT buy nagging me atm. Wait and see - this week will be the clincher imo.
GC
AAM Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
