Honestly this farce is chalk full of misdirection but I think we may be in for the buyout everyones been chattering about. Oil is high, Axas is traditionally undervalued, Company recently sold non operational assets in effort to trim the fat. Finally Axas hasnt post an operational update in over 2 weeks. Coupled with the fact weve just seen a big phantom day ending on high volume. Strap in we may have eaten the last poopsicle in the freezer. Of course this is all been said before and Axas has #$%$ in all our faces before and told us it was rain.
So true. The operational update was extremely positive and will move the stock price higher tomorrow. I think this update will get the stock primed and moving higher which will result in a significant buyout premium. I'm now raising my target price to $5.50
Shorts are probably accumulating extra shares so they crank the algos and jam this porker backer under $1.90 . . . . . remember 3/19? No reason at all for the BIG PUMP to over $2.50 in a single day, then comes JAMVILLE back to the low $2s
From the Village board..........
Further from Bob Watson: "When you have a need to know my definition of 'step change' and 'exceptional shareholder value' I'll so advise. Until then, dummy up and stop whining."
I do too, and I'm fairly confident I am. Confirmation will be additional buying pressure the rest of the week. If that happens watch out. Something else to remember, silence can be GOLDen at times. Got it?