The amount of panic that is being generated because profit takers moved in today. Good luck to all of them, and to the people that bought their shares.
Remember all the valuations that have been placed on TOX, I concur with them. 10 cents is where it should be now. This is without any new deals being factored in.
When a stock has been dozing for as long as TOX has, it usually will spike on good news,this it did. A lot of small spec shares will go back to sleep for some time.
TOX has been gaining in both volatility and volume.
Now to the point I am making as per the headline.
When the share rallied to 4 cents, most people became polarised, and didn't know which way to turn. Buy more, sell all, it's going back to 2 cents and back to sleep.
Now that it has broken the crucìal psychological resistance point of 5 cents, people are in absolute disbelief. I couldn't possibly go further. It will, and with a vengeance.
With all the possibilities TOX has before it,including being taken over, or a joint venture with a major, there is plenty of upside for TOX free solutions from here.
After consolidating for a couple of days above 5 cents, it will bolt to the 10 cent mark, it will crave the 10 cent mark,(people will push it up to it's new minimum net worth. Trading on such low multiples, it has to go higher, Yesterday and today was not just retail.
Apart from small fluctuations, and the occaisional panic attacks from some, TOX will move higher, I am extremely bullish on TOX, and I will be holding until the early teens at least.
Brewster
The amount of panic that is being generated because profit...
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