re: who bought 1m at 7c yesterday? Just let the traders shakeout and then we can continue on. When stocks rise like this they tend to build up a percentage of traders (as opposed to investors). These traders looking for quick bucks, then dump their holdings and this feeds itself as others panic a bit or try to lock in profits.
Once their out and the sellers dry up again, the stock will move on and forward again. If you look at trading volumes, the last week or so signifies the highest cumulative volume for a very long time. Since this happened on a steep rise, this indicates to me more than a fair share of investors accumulating.
Keeping sight on fundamental value, TOX shareprice is much closer to where it should be than a couple of months ago. Based on other opinions it appears that any sort of expansion whatsoever will increase the shareprice even further.
Cheers
re: who bought 1m at 7c yesterday? Just let the traders shakeout...
Add to My Watchlist
What is My Watchlist?