Anything that can bring the share price higher is fine by me ... either fundamentals or institutions trading. If the share price goes higher my wealth increases. Its the results (share price) that counts and I could not give a damn about the reason behind it.
If I make a trading profit I am reinvesting this into extra shares (like the last 3 times when AKK hit 3.2-3.6cents and purchased back at 2.4-2.8cents).
I agree that the potential looks very good and that the odds favour a positive re-rating in the medium term than a negative re-rating. If another GFC or market correction happens then I can see AKK share price suffering.
Decided to re-enter at 3.3cents rather than waiting for 3.1 or 3.2c so have 4m of these.
For me, one thing that is clear ... if I can see an opportunity to trade I will do so. Pressing the "BUY" or "SELL" button does not mean anything.
AKK Price at posting:
3.3¢ Sentiment: None Disclosure: Held
