This selling and manipulation has been taking place on a daily basis for years now.... Bots, algorithm etc etc all designed to flush out sell orders while driving the SP lower... Not that the company hasn't helped the situation due to a very poor year and Mo leaving... ! The question is; have we reached the bottom and the large 400K+ order was the goal of the selling...? Seller now buying back..? When we do get genuine buying its always met with small trading bots throughout the day and defiantly at close pushing the SP down 1/2 to 1 cent...! Note that today there were no sellers at 23 cents now we have 265K - if that was serious then sell straight into 450K buy order....It so frustrating for all holders to see this happen day by day and the only winners are the ones managing to short sell the stock down..!
When are we going to get that announcement that changes momentum..? When are we going to see the company promoting itself..? When are we going to see investment sentiment change to small caps..?
A good announcement and an interest rate cut would help for starters...and with the AGM due in Nov the company would be best to lift share holder confidence by then.
AXE Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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