Sun, Feb 1, 2015, 12:34 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Axion International Holdings, Inc. Message Board

  • mikebert mikebert May 25, 1998 7:57 AM Flag

    Basing 2

    I believe that the bottom for this slide was at
    22. I bought at 22 and 23 and have orders to buy more
    below 23 if we revisit the lows. I put in the limit
    orders for 22 and 23 when the stock was still in the
    26-27 area because an analysis I had done has suggested
    the stock would bottom in the neighborhood of 24.
    Knowing this stock is volatile I had set orders 1 and 2
    points below my target hoping to pick up cheap shares,
    and I did.

    Since my buying, the stock has
    moved up and broken through the upper band of the
    downward trend line, which I take as a confirmation. Of
    course, if I were to buy now I would pay 26 1/2, $4 more
    than I did earlier.

    In the absence of my own
    analysis, there is just that single trendline breakthrough
    as evidence that we have bottomed, and I can't put
    too much confidence in just one indicator. Thus, I
    would have to conclude that based on standard methods
    it is too early to say whether we have based. Do
    people agree or disagree?

 
AXIH
0.335+0.025(+8.06%)Jan 30 12:30 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.