Post by
TheRaj on Jan 24, 2017 3:47pm
I know gold stock were rising this morning ...
... but this is far passed my expectation for OX. I think today's OX sp action is streached out of proportion to the rest of the market, especially with it having a below average volume day.
Part of me thinks that only a few individuals were responsible for the sp increase today, and this is why I'm not gonna get excited about it's move up today as I fully expect those same people to take their profits off the table just as quick. Today's action didn't look or feel like insider buying, but more like retail investors buying any cheap gold stock they could find to get onboard with the next gold run ... which ain't bad in its own ... good for us too.
If on the other hand the sp would have went up on very large volume trade (2-3 million like it in the pass before) then I would be more optimistic about a new support level being created. but I expect the sp will fall back to 5 cents/sh, unless we see a good day fo gold tomorrow and for the rest of the week.
Remember this sp increase is not from OX internal news, it's all external market factors.
I would like to hear from OX management (facebook update perhaps) and hope to hear some real good news which would justify a trusting sp and higher support level. It's also becoming a trend that some company's have a PR person posting on the Bullboards, too. I hope that OX will accept the challenge to having someone to communicate hear, and to answer shareholder's questions. It's no illigal, and like I said, it's becomming a more common practice by company's to do. It's safe and the best part is that the company would save time and money by aswering one question to many instead of "one on one" phone or email conversations.
I own plenty of OX stock but I' am not ready to buy more unless management can demonstrate they are doing and achieving something that is visible or tangible to the shareholders. I bought OX because of it possibly being a big reward stock if management play their cards right.
Comment by
specky on Jan 24, 2017 4:50pm
Nice to see...All the same!!
Comment by
MrPinkExtrovert on Jan 25, 2017 8:18am
Sometimes this kind of market activity precedes larger moves later.........just saying