Ive said all along that TOX will most likely be 20c before the year's out. I feel much more comfortable now that TOX is consolidating itself above 10c. I thought that maybe there would be a more of a mexican standoff today given TOX is now trading in hafl a cent increments but the voume was being churned over quite heavily.
Also just a friendly tip to those who believe the 0.5c increments are just a bit too much to handle, TOXO has been lagging behind the ords in recent days.
Smart investors should take advantage of this fact when deciding to take a position in TOX.
If TOX is trading at 11c / 11.5c and the offer for TOXO is 8c, which was the case today, if you do not want to pay the extra 0.5c at TOX for 11.5c, just simply buy TOXO at 8c, exercise the options and you'll end up paying 11c anyway.
This is the strategy one should take if you want to hold TOX for at least a few weeks.
Of course once TOX surpasses 13c/13.5c, the oppies will begin trading at 0.5c increments so this strategy is only applicable when TOX is trading between 10c to 13c.
Luck to holders not that we need it
Cheers.
Add to My Watchlist
What is My Watchlist?