Just joined the Hotcopper train, (G'day everyone).
I see no reason why AX1 shouldn't return to +$2.00 over the next few months, (I am not a day trader, I'm a medium-long term investor).
I view AX1 as market leaders in their field. Great brands, great presence and they look to have invested very well into the online space. My son ordered shoes off the Platypus site a few weeks ago. He ordered them Sunday and they were delivered Tuesday, (he was very happy). Their distribution is also on point too it would seem!
Looking at their balance sheet, well, the fundamentals are good. I think what works against them is their shares seem to be traded in narrow bands which inhibits SP growth, (as some have suggested the bots seem to enjoy working the price).
AX1 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
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