I got out on Wednesday.Got out of a few on that day.All on a feeling that the general Market is getting a bit too frothy especially for holding just in the money shares.
So I've nearly got three qtrs Initial Capital back to cash with all my 9month gains[about a 80%er]now mostly riding solely in NAV.
A joy to behold is NAV![still alot more init if ya want d'Word!]
TOX fell out of "rhythm" for me.It had gone below my trendline for a number of days,I could BreakEven+ so I chucked it.Typically the day before it GOes for another run!!
but I'd noticed the ASKS were getting Bigger,and when I sold it was at the very instant that 244 was enlarged to the Bid.
Like I was selling to some at 44 but most at 43.I press the Button and simultaneously 44 gets raised.Coincidence,of course,but I'm hoping I stuffed some Transfer Manoeuvre just by chance!!
Anyhow,if TOX gets involved with DMX it'll be a disaster.If they dilute their issued shares to purchase it,it'll be a DisGrace!Fancy consolidating to throw shares at DMX holders.
It would all be too too SPIV even for my tastes,but you long term holders of TOX mightn't see it that way but I wouldn't suggest that recent over $2 buyers hang in to save say CGT on such a takeover.
Most DMX holders got in at 35odd cents,on a probably just on a year ago placement in MegaBulk to the Sophistos.Look up the News DMX for yourself,it's a real ploy of a share is DMX.
but anyway,I'm out of TOX til I maybe get some other angle/handle on it or it does some tempting slump say sub2buck$.
Todays Australian has some stories of social life in Port Headland and I can just see the wage bill TOX being used for a profit target failure.Also there's mike_rat and his ilk itchy for July1!
anyway Good Luck pilgrims.
I got out on Wednesday.Got out of a few on that day.All on a...
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