Further on what Could be happening-
TOX went from Half a Billion shares consolidated down to 70 mil[approx]Issued shares.This calculates a 5% substantial notice at 3.5 mil shares.
Now TOX has been twice to 250 recently,and I've conjectured that these two moves[30/50] MAY be the buying of a single "professional" entity.
Why?mainly because I figure that no retail group of say newsletters/tip sheet readers whatever would move the Share Price up some 15% on such thin trading,jumping up depth levels etc.
If it is only pilgrims influenced by a "tip",why not fill out the Bid much more than it was?[before Friday that is]
Anyway,other than the TakeOver speculation,TOX price may have moved recently simply on a substantial holder accumulation.
Just adding up Volume from the last 2 say 30/50 runs gives approx 2.5mil;didn't add up the 15/25 range in between these two peaks,but our Only One Accumulator would have been in there too.
All this gives speculation that next week Could have a Sub Notice issued.Wow hey?
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This move over 250 appears solid.Did you see the 100k hit the Bid 52[?] as one order just on close?Gone now but intriguing,never d'less.
I have a chart showing the high 60's as upper channel,but I'm not gospelling that target.It's retrace points that are more interesting/compelling.
Last time this really thumped down -high 40's to 20 on one whoosh.Don't think that's going to happen again.
Low 40's may be it[chart read].It would not be unusual that mere Issuing of a Sub Holder Notice brings on this "modest" retrace BUT it could also keep TOX nearer/over 250.
So all it means TOX holders is wait and see.TOX may have more legs to GO,60/70 maybe while Buying Opps could be a "Bargain" from mid 40's.
addendum-have 2300 not 2000.
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