My thoughts on AJQ. the risk reward ratio is very good. The risk, the share price has been churning around 2 cents for months and there is strong support at 2- 2.1 cents. Buying now there is a risk you may lose 10 %. The reward, new boss, trying turn around strategy. Clear goals to increase cash flow reduce debt and expand. possible share price rise to 10 cents so 5 bags BUT. Stale holders will sell on any rise as recent example where price rose to 2.6 cents and 2 days later dumped into 2.1 cents.
Flushing out the tossers is a good sign, might need a few news related volume events to clear out. Eventually the news flow will turn and price will rise. Great short term 2- 6 month hold.
