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Author Topic: AXXE - 52 Week Low
Smash
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This might be one to check out. Just came down 90% for no reason. Looked everywhere for info, nothing wrong except low volume. Maybe a desperate seller?

52 week high is $2000/share on 4/7/09
52 Week low WAS .25/share, but we're .10/share right now.

21.7 million OS, 17 in the float. Market cap was $22.6 million yesterday before this drop. Now it's at about $2 mil.

Posts: 406 | From: San Diego | Registered: Jun 2009  |  IP: Logged | Report this post to a Moderator
Charbel
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is it being shorted?
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Smash
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I have no idea. Someone made a killing if they were shorting it though. But it wouldn't be the cause this drop. Even if someone is shorting a stock, they can't control what the sellers do. I can't find any info. The company's phone number works, and the website looks nice.
I think it was just a desperate seller, based on what I can see.

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Dagny
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Hey Smash, where ya been? Checking out this stock, what a weird chart.Glad to see you back in action.

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Dagny

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Smash
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Oh thanks Dagny, I was on the sidelines for a little while. Yeah kinda strange situation here, huh. No reason for the new 52-week low other than low volume it looks like.
Posts: 406 | From: San Diego | Registered: Jun 2009  |  IP: Logged | Report this post to a Moderator
   

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