Art,
Thank you (and others) for the TA information. I really need to get a good program and learn more about technical analysis. You confirmed my gut feel that the high 8's is a good time to buy, and I intend to jump on any dip in the price tomorrow that there may be.
To those who are wondering why AXC has been trading down the last few days, I think Art has answered much of that question in describing it as being near the bottom of its current trading range. Also, IMO, I believe there is alot of nervousness about the upcoming earnings announcement on Wednesday; buyers are waiting, others are chickening out (Andrew) and selling, which is putting downward pressure on the price. (Actually, Andrew, although I don't agree with it, I do respect your decision.) Once the earnings are released, barring terrible results, I believe we'll see AXC gain some positive momentum in anticipation of the great things to come from this Company.
Rgds,
--Wayne-- |
