>>Realize of course, that the low volume could give the locals another opportunity to aim for the 2 3/8 or even 2 target again. If prices reach that low it sure would look disappointing wouldn't it? That's how I would play it.
Ed: I keep looking at those lower highs and lower lows, if something doesn't come up soon to move this past resistance at 3.5, it looks like that saw is going to reach bone.
A closer look at the charts does show a couple of encouraging signs: both the Stochastic and MACD are in bullish territory, and have given recent buy signals.
May be I am thinking too close to the screen, but I think EB knows that the AXC stock prices is his mula, so his interests (aside from his personal stake) must be in a higher stock price. This, in turn, is as much a PR matter as a value matter, and I would hate to think that the momentum built up by the bangbangbang releases of the recent past was to be let to die a slow death. We do have the 10Q due any second, but it seems to me to be a long shot to hope that that will produce any positive excitement. Therefore! If there is any kind of strategy at work here, we are exactly due for some new good news. Allowing AXC to hit a new, lower low, would be an opportunity missed that might take much much more effort to create a stock price boost than would a timely announcement before that point. |
