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Microcap & Penny Stocks : Auxer Group (AXGI) -- Huge revenue growth w/ new contracts -- Ignore unavailable to you. Want to Upgrade?


To: mike mulhearn who wrote (1639)6/5/2002 8:45:58 PM
From: Benny-Rubin  Read Replies (1) | Respond to of 1664
 
Mike my feeling is that the market has reacted to 2 events on AXGI during the past 2 months.
#1-The convertable Debenture lock up.
#2-Much better then expected revenues & earnings.
The current slump could be that some investors sold after being stuck in this for 3 years plus to break even and or loose less.Remember during the Convertable this was trading sub penny.There had to be profit taking TOO!
Look at the Volume.There is very little. For a stock that has well over 100 Mil in the float and its average daily volume was well over 1 million shares a day it has suddenly become very quiet.I feel that a Mexican standoff is in play.The market wants to see little AXGI make some noise.The shareholders are looking for a "Grand Slam" and the mm's are waiting to see if they should cover.Now it is up to management to get this ball rolling.This is their chance to make things happen AND THEY KNOW IT!
I am long.strong and bullish on this little baby and I plan to ride it HIGH.