I agree AXC can rise even in a bear market, but to rise to insanely bull market mania inspired heights, ala Presstek, Iomega, Netscape, etc, requires special speculative market conditions, and those conditions aren't found in bear markets! I believe AXC can rise high in all but a gale force market meltdown, circa '29, but for it to reach PE's above 50, and even into the hundreds, and to grow to cult stock status, requires a special sort of speculative atmosphere, which, alas, I'm afraid we may be seeing the last of for a while, once the Nifty Fifty big stocks come down to reality.
Whatever, I'm riding this bronc to new heights, whatever the overall market tenor is. Just wish KM would get a contract with Iomega and they'd all stamped into the stock, and this message board! |
