This is the bewildering factor of AJQ and its trading.. Institutional money, ie broker money, is shorting this stock. Playing the technicals, pivoting on supports, creaming off 10 or 20% and sometimes more, ie from 19 cents back up to 38 cents =100%. Big volume suddenly comes in, crushing any more advance, then the SP drifts back down, quietly pushing it back down to the next support, then it raises on news until they stop it again. Am i wrong? or is there a pattern that has been happening for some time on AJQ? Perfect stock to do it with - die hard retailers who support this stock, only 300m shares, great management, big assets, proving up, yep, perfect to short, push down, then let it raise again, how much have they made in the last six months while we have just sat on our hand just watching & blogging! Who's the smart ones?! Not us, that's for sure! But hopefully future news will blast above all this petty stuff! Here's hoping!
AJQ Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held