winjabbi east drilling, page-11

The FTSE was getting smashed and so was the US markets when they first opened, however I have just watched an extraordinary bounce off their daily lows on news that Greece and the IMF have reached an agreement on austerity measures. While the US markets did not pare all their loses, they certainly finished on a positive trend... Hopefully this should carry through to Asian and European markets in particular later today...

Regardless and more importantly, AXT has shown a remarkable tendency recently to hold its own when the wider market wobbles.. Reason being is that there are not many holders.. (863 in total and only 129 with larger then 100k holdings last time I checked)...

And most of these holders understand Argo... it does not matter really if this stock is at 7c/10c or 16c because those levels will be left way behind once positive news is released...

With such an announcement possibly being rather near (see first post in thread) then it could be foolish selling now in order to try and buy back in a week or so... We could be surprised if a release is early...

As mentioned before, some colleagues of mine sold out previously thinking they would buy back in at 7 or 8... it never got there that time as people on this board promised and thus they bungled their trade.. Much safer strategy to top up on dips...