In reference to the crazy Wall Street action re: AXC-- big one day moves followed by drifting back down on boredom, low price that doesn't at all reflect even half of teh potential, etc....
I decided to take a look at wild wild IOMG (iomega) for the past 3 years, and boy, what a doosey! Stuck at $1(all split adjusted) forever, and then rising barely to 3-4 for a while, then 7-8 for a while, and then, all in a rush, a swift climb to 55 on institutional madness and short squeezing, then a backoff to 14, now near 30. such insane market pricing discrepancies are in AXC's past and future, I believe. We just haven't seen AXC get popular yet since the premature May speculative runup. I dare all to pull down a 3 year chart of IOMG at lombard.com or wherever you can find it to see what happens when a stock gets real popular all of a sudden. Mary Beth Ford rode that roller coaster at least part way! Gives me comfort on weird weeks like this one when all the action is half-hearted on one day, and then boredom sets in and price drifts lower than before the good news!! Go figure, and wait patiently for the big money to come to us and overpay us for our shares. |
