As of now, quite a few buy gaps between 4-5c and most of those orders are made by just one buyer. Very thin buy side. Sell side volume at 5c is almost equal to all the volume down to 4.4c. *shudder*.
Even with Greece declaring their austerity budget, it's a systemic problem as they have a large grey (cash) economy which will be difficult for the government to overcome in order to broaden their tax base, thus we see all the riots and demonstrations by those affected. I am not sure if this round of cuts will be sufficient (even tho it's claimed to be greater than required) and if another is required, Greece will be up the paddle, and we'll see a definite continuation in downward valuations, rising jobless etc. Stabilisation is uncertain at this point.
Don't hold myself yet, but keeping tabs amongst other stocks. This is one to watch. Bottom is definitely not the high 4's now, imho.
AEZ Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
