AXE 12.9% 39.5¢ archer materials limited

Hi guys, I am convinced that the current sp is a result of...

  1. J.L
    417 Posts.
    Hi guys, I am convinced that the current sp is a result of market sentiment and the fact that risk is completely off the table at the moment. In the last little while banks have gone up 6%, BHP down 6% and the overall market even. Very difficult for a spec like AXE to run in this environment.

    Market sentiment will turn around at some stage and when it does LT holders will be rewarded. I think AXE is a time bomb that will go off soon enough. Outstanding results yesterday with more to come. If you want to make a quick buck you might need to look elsewhere in the short term. I don't think there is any point stressing about the day to day movement at the moment.
 
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