If one examines AZS’ trend line over the past 10 yrs, it’s a long grinding downward slope punctuated by occasional fleeting spikes (generally occuring immediately prior to release of assays). But these spikes tend to fade quickly in the days following announcement of results
With a stock like this one, a limit is even more important than a stop. If one wants to capitalize on momentary spikes one needs to hover over the PC with a finger poised on the sell button, or alternatively, set an automatic sell trigger
In any case, the spikes have become less frequent recently. Very few of the current longs seem to be buying more shares (despite their perennial ‘buy’ sentiment) and there’s not much new money flowing into the register
The market seems to have made up its mind about the new tenements, and Alacran is just so far away. Nothing much on the horizon as far as I can tell, except price stagnation and more equity dilution. Company is in a difficult place atm imo
AZS Price at posting:
22.5¢ Sentiment: Sell Disclosure: Not Held