reversal day, page-5

It might, but today's action in the afternoon was quite impressive. Massive selling in the morning, then pause at 11.5c, then it looked like it would continue further down. That's when I put my buy order at 10.5. Then suddenly 1mil buy order takes out 12c, and basicly puts a floor under sp. 1mil buy order is $120k. A lot of money in anybody's landuage. All the sell orders i saw were quite small size. To me it looks like frustrated holders are selling out at any price and big boys are buying. I don't know. I may be wrong but considering amount of negative posts on this stock there are a lot of people sitting on a big loss here. A lot of them are selling out now. I saw similar price action on GMG in march. I was one of those who sold at 14c. All time low for gmg was 13.5c. When I sold it at 14c it looked like it was going straight to 10. then the same thing like today. big buyers appeared at 13.5 and it never looked back after that till 40c. Unfortunately for myself, I was so pissed off with it so could never make myself buy in again. AXM looks very similar now to gmg in march. I don't know if it will do the same reversal as gmg, but you never know. There are signs.