| Monday
AXTI (second try)
$4.00
Yes, I have some at $4.50. No, I've never been in a stock that declined for 9 consecutive days. Yes, I bought back in at $4.04.
Major sell-off over the last two weeks. I'm guessing that options were sold off. Anyway, I still think AXTI will bounce. $4.00 looks good to me.
MACD is at a 3 year low, so it's either going to bounce nicely, or the bottom will completely fall out. In my opinion, the price change will be dramatic one way or the other. |