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Friday, July 31, 2009 9:56:36 AM
I have to say that I been in the market since 1983 and I have played my fair share of Pink Sheet Stocks... They were great during the dot com era...
The one thing that I like about AXGC vs. all the other pinky I have ever played, is the fact that no news releases have been coming out on a weekly basis.. Most of the "pinky pump and dumps" I have seen continuously pump news out on a wekly/monthly time frame... I can't find one news release on AXGC for 2 years... So this company is not doing any pumping whatsoever... So we have no false hope built into today's share price...
The stock is moving up and down on very low volume (pushed around very easily), so with any kind of positive news release or if a positive news release is coming, we should see a dramatic move... I'm in the camp that the move will happen days before the news release... I've seen it so many times when news comes out the stock has already made the move... So the game plan has to be buy, sit, and wait...
The classic mistake when this happens is most people say no news and the price has increased, so I'm going to trade out and get back in later.. You sell and it keeps going, now what do you do... Chase it or just go through the pain of watching it run without you.
Best regards,
The Pig
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