production update, page-12

Well, the way I see it is a bit like this:

The big boys whoever they are, push the sp at a higher level (within 1 cent) at open nearly everyday. Then they suppress the sp by selling it back to themselves during the day but make sure the sp wouldn’t fall too much – you can see the big walls at 19 and 20 cents as well as 23 cents. If there are more buyers and the sp is looking very likely to go up, they pure out some big sell orders to suppress the sp as soon as a price level has been filled. Then at the closing, they make sure the candle on the chart looked bad enough to put you off. Basically they just want you to sell not to buy.

You will just wonder what the underwriters are doing when they see the sp is not going anywhere with the closing day for acceptance only a week or two to go! IMHO the underwriters must have a lot of faith with AXM. So I will wait and see.