AJX

9.09%

1.2¢ alexium international group limited

oh, it's interesting times for sure :) I haven't got a clue...

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pintohoo

83,404 Posts.

75

02/03/16

09:17

Post #: 17162151
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Originally posted by ARMCH ↑

Morning Pinto,
Definitely seen better, not even a whisker of a bottom tail on the candle yesterday so the lemmings were still leaping over the edge right into the close. On that basis looked like a bit more to come before it settles but who knows, logic doesn't seem to play much of a role these days.

I think I have progressively become immunised to the gyrations and there must be a lot of people out there taking hits by being sucked into this irrational stuff. I won't hold at any cost, there will always be a point where one needs to be protecting one's capital but if one is using stops, then IMO they need to be very wide these days.

The reporting which is getting so much attention does look a bit amaterurish at times and reminds me of a fledgling organisation on a rapid growth path and still has some rough edges and needs some polishing. That will come in time as the internal processes are bedded down. For example I can't find any references to ISO or other external standards business systems compliance so I assume that there is still a fair amount of 'seat of the pants' stuff going on rather than process driven systems across the business. But just guessing based upon observations and I could be wrong about that, I don't know what they are doing about their business systems.

If the price settles around this level we might be looking at some consolidation for a while to form a new base but we could also see a V shaped early bargain hunter bounce although I would rather see a period of consolidation to soak up any supply still hanging around. An early bounce would probably run into more supply from buyers who bought on the way down.

Interesting day ahead.......

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oh, it's interesting times for sure

I haven't got a clue which way it will go short term -- I can see a clarifying ann. doing a bit of a bounce - perhaps a turnabout in trend - but, not necessarily.

What I would think is the big sleeper out there is a polymer contract - a whale - or whaleish.

I would love to see that for all of our positions - but, more importantly, I would love to see how the SP responds to something like that.

We shall see I guess -- good news from the Murdock camp, but, I can't see it shifting the SP by itself.

have a great day

Pinto

AJX Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $18.74M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.0¢	$2.259K	207.5K

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No.	Vol.	Price($)
1	167949	1.1¢

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Price($)	Vol.	No.
1.2¢	80180	3

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No.	Vol.	Price($)
1	167949	0.011
6	5722035	0.010
2	211111	0.009
2	182600	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	80180	3
0.013	240000	1
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oh, it's interesting times for sure :) I haven't got a clue...

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oh, it's interesting times for sure :) I haven't got a clue...

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Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

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