going up daily!!!, page-2

Hi Summit,

AXT really is moving very strongly. I like the increase in volume today more than the increase in price. The sizes of the trades also seem to be improving, again a positive sign.

I suppose the target price for Friday will be a function of whether we hear any news regarding the start of drilling (would be neat to top off this Friday with "start of drilling" news after the rig mobilization announcement last Friday).

Originally I was thinking that 16c would be a ceiling on drilling start date. But if we continue to build volume today (and the next couple of days), we could be looking well above that level (the sell side really starts thinning after 16c) once the announcement comes. And the more momentum we build, probably the thinner sell side will probably get (the 19.3k sell order at 20c is mine, which I am most likely going to take off by the end of the day).