good evening fellow longs. my my there are some folk getting jumpy as the big day approaches. once again, or, as ever, one tries to assess movement in axt shares against what one know.
1...the overall market looks pretty dire right now, neither U.S. or europe encouraging with ASX down 5 days in a row and despite trying a few times, asx200 simply unable to convincingly penetrate 5000. in this scenario, any weak axt long would naturally be nervous, and some have clearly sold ahead of the drill results. they may or may not have posted a profit, or cut their loss at a time of considerable nervousness. but good luck to them: they are still in the game with some money in the bank.
2...we don't know drill results yet. if we did or someone had a good idea of what was happening, we would see a big jump either way in the share price...halved or doubled or more. that we haven't seen big jumps and the stock is drifting lower in this bearish market, is neither here nor there, but what is entirely expected.
3...if the intercepts and assays don't stack up, it will be a case of many exiting at the same time, ugh. if the assays are good, and i'm keen or desperate for this to be aprominent hill or carapateena, and lets face it this is elephant country, hang on for the ride.
AXT Price at posting:
13.0¢ Sentiment: None Disclosure: Held