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AXT Inc. Message Board

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  • dreamerultra dreamerultra Aug 14, 2010 9:55 AM Flag

    Mulling about the shorts

    G, some good ideas here and much to chew on. I think the news and price action this week were actually very bullish in the mid term. One good thing about this board is that someone who is a new investor could be really mislead by the price action this week and they can at least get some explanations of why this stock behaves as it does. There is a real push and pull between the tremendous bullish record AXT is producing for over a year now, the shorts, investor CONFUSION and DISMAY, and the rampant big boy manipulation. This week was a tremendous opportunity to grab shares in the low $5's. The 13F's are showing institutions are buying some 5% of the float out of the market in Q2, the Chairman bought 11K shares, and with Mr. Pai coming on board I would not be surprised if some firms are sniffing around AXT for a buyout.

    I think the forecast of likely stock price for the next 12 months appreciation you laid out after earnings, $11 to $21 is going to happen. It won't be easy but it will happen. I for one took the opportunity to buy another slug close to the 50 day and I will do so on every panic drop. Doing so I have not one single share under water at this point even with this weeks purchase, and I can't say that about too many stocks in my portfoilio.

2.22+0.11(+5.21%)Jul 25 3:46 PMEDT

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