stockdoc: underwriter finished selling? SD
I've done my homework on TOX.
Its one of the first stocks that I've done a lot of fundamental research on, however, I mostly trade on a technical basis.
My change of view came today when the buyer @ 0.023 upped the bid to 0.024 to grab stock. With the Underwriter adding 1m shares to the sell a couple of times, I thought we were in for the long haul around this price, but it appears to me that we might be seeing the end of the dump. Your guess is as good as mine, but that's just what I'm thinking right now. For fear of future villification, that opinion could change, dependant on upon trading action.
The oppies are 3 cent strike. With about 7 months still expiry and the FPO's trading @ 0.025, they offer sensational leverage. I think you will find that traders & investors alike are waiting for some sort of confirmation that the recent seller is done.
Fingers crossed mate. It pays to be patient, no doubt - but show me one investor who doesnt like to see a little capital gain in the S/T.
Watching closely. I hold FPO's and oppies and will continue to do so for at least 12 months.
Marchelo
stockdoc: underwriter finished selling? SDI've done my homework...
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