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Alexco Resource Corporation Message Board

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  • mhenderson495 mhenderson495 May 15, 2012 11:41 AM Flag

    This is a break down on AXU folks

    $6.50 was the support broken.

    $5.00 break is now margin rates that firms lend is lowered for stocks below $5.00

    Usually from 50% to 20-30% so it's now forced selling.

    Few days of this forced selling plus margin selling should do it.

0.55-0.0062(-1.11%)Jan 29 4:00 PMEST

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