Ann: Oak Dam South Diamond Drill Hole Completed , page-24

re: Ann: Oak Dam South Diamond Drill Hole Com... "Europe responding nicely"

Are you joking? As i write this the UK FTSE is down 1:4% if that is nicely I would hate to see a bad day in your books!

Lets be honest here Greece is struggling under a mountain of debt which could spread throughout europe to spain, portugal etc. And the recent US data is very poor. Tommorow is probably going to be another ugly day. The market will definately fall further from here and unfortunately AXT will fall with it. i would definately not be buying this stock at the moment as the next announcement is at least 6 weeks away the stock will drift lower especially in the current market sentiment and people will shy away from risky assets.

If you are looking to get into the stock I would be sitting out for a while as the price will fall to at least 7 or 8 cents and even lower. Look what happened after the last announcement, stock drifted from 16 to 12.5 then lower today. It will do the same and fall lower as there is no reason to buy at the moment in this market.