GREY:ADEXF - Post by User
Post by
behrhunteron Oct 29, 2010 12:19pm
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Post# 17630867
sp bim/axi
sp bim/axi
There seems to be no end of expert opinion as to why AXI sp price goes up or down. But if one looks at BIM the upward and leveling trend are very very similar. Makes one wonder about all the reasons given by some for the rise in AXI sp.
One of the main tenants of investing taught at school is that historically very very few have been able to do a short term prediction on the stock price.
Doing a little swing trading (in retrospect) the last two days has been not to bad for those that did it despite the "guarantees" from some that they would not be able to buy in lower.
I was not able to determine how many warrents have been exercised/sold in the last 90 days. If anyone has any accurate information, I would like to have it. Otherwise it is , in my opinion, impossible to determine the past or potential impact of them on the sp, but as noted above, as the trends are similar to BIMs, I have to wonder.
Will AXI go up soon? I think that a lot of people who did DD were buying on the belief that the financing was all completed, and the agreements with JV partners etc. all complete. We might just see a bit of a decline, but I will leave the actual prediction to those with the crystal balls who can claim with certainity. Bit of a coin toss right now I think.