AJX 0.00% 1.1¢ alexium international group limited

TA, page-209

  1. 14,059 Posts.
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    Sorry Toxxicc but I need to correct you. I hold from hours to a few days. Please don't make the rookie mistake of thinking that every prediction is long term. Last week I said it was going to reverse. It did the following day. By Jo means was I saying that it was going to 10c over a long period of time.

    However I will say that my latest observation is one that should concern. This seems propped to me. The volume suggests it should have come off more. Maybe its being propped for this US listing. But one thing I will say is that the chickens always come home to roost. I wouldn't buy into this rubbish that the US market can't wait to but AJX. So many Aussie companies that issue ADRs end up with sagging share prices soon after the US listing. SSN and UNS spring to mind. Perhaps its because the US love to short companies.
 
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