Previous rapid drops in AJX have occurred over a two-three day timeframe, given the recent false break to the upside there could be a fair bit more to come. Clearly panic amongst the retailers, lots of new posters with half truths and odd commentary around misunderstandings of the recent releases. Hopefully all signs of a bottom being sought.
50 cents still equates to a market cap of $140 million - new buyers desperately needed and generally sparse with the macro backdrop.
Company communication needs to improve, will be informative to know who's been buying tofay, although by the time us mere mortals can access that info it'll be too late to use it.
AJX Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
