the beaut thing about today's trading was how the sellers were overwhelmed by the buyers. especially the last 5 minutes before auction. that was a real swingalong as the buyers & sellers went toe-to-toe at the 16c level.
and the guy who unneccessarily sold the sp down to 15c from 16c really got the mincemeat treatment cos if he had of held his position at 16c then he would have pocketed another $1000 profit. not too smart in hindsight.
there is a chance that the sp may carry onto the 18c - 22c level over the coming week/s before news. all speculation mind you but with only 82m. shares on offer, and over 2m. shares turning over today alone, we could edge up from here - with the odd selldown or 2 along the way to keep the traders on their toes.
it all depends on who the buyer/s are.
AXT Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held