Thursday, April 19, 2007

AXGJ - A Possible Double Or More

I posted in the AXGJ forum a few days ago that a $100 buy in AXGJ might be worth the gamble. Today volume surged past 1 billion shares, mostly on the buy side. I think we could see a nice little bounce here. Of course it is still a huge gamble. Increased volume and a 200% gain for today might be enough to put this stock on other people's radars. We've seen a couple .0001 x .0002 runs recently including BHUB, which went to .0075 and LSMJ which went to .0025 .
This stock had a huge run in November. I say gamble if you can, because that is all this stock is. Although the company has been putting out a consistent number of PR's, so they make it seem like they are progressing. But we all now that the decline of this stock is the direct result of dilution. If the dilution has stopped temporarily, that may be why the stock is starting to climb.
My crystal ball says this will be a multi-bagger. $.0004 - $.0005 is not out of the question tomorrow. Also as the volume and price increases so does the buzz and more eyes will be on this stock. If the company dilutes into this run we might not go anywhere, but my gut says we are going higher.
This stock is a huge gamble so any investment could result in an almost total loss. On the other hand if you have a few hundred dollars to lose than a gamble here might brighten your weekend.

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