AXT Inc (AXTI)

[bowonwing]

Hey JT! You found it!

I did not include AXTI because of it's recent run-up to $4.72. I was really lucky and got in @$3.70 on May 30, 2007. There was a major bullish hammer that day and AXTI has never looked back.

I still believe there is a lot value @$4.72 long term.

Next stop would be $5.49, the current 52 week high. But it is going to take a good earnings report on 8/2/07 (est. $0.03/shr) to really break-out.

I know this is looking forward and wishful thinking but here it goes:

If AXTI can get over $5.49, and stay over it, $5.49 would become support. Next resistance would be $6, on to $8.

If >$6, and stays over, on to $8, and so on, if >$8, resistance would be $10.

If >$10, resistance would be $12. If >$12, resistance would be $15.

I am not making these price targets up, I studied AXTI previous price action and came up with these target prices.

On Yahoo, growth estimate for 2007 is +206%, +35% for 2008.

Problem is no long term (5 yr) growth estimate. But if, IF, AXTI can grow somewhere between +25% to +35% for 2009 to 2013, I think those price projections are a strong possibility.

Cheers.