This post was just published on ZYX Short Change Alert.
Shortly after 11:30 AM PTCT began running up on a buyout rumor. With its clinical trials halted, the stock should have fallen into the $30’s, the timing of the rumor is suspect. It is not uncommon for unsavory characters to spread false rumors, run up the stock and get out of their positions at high prices. Of course after they get out the stock falls.
Unfortunately, there is no way to know with certainty if there is any truth to the rumor.
What To Do Now?
For tracking purposes, the position will be left as is and the mental stop will be raised to $56.55 – $57.78. Also adding another 10% tranche on any significant move up from here.
Subscribers should carefully evaluate that holding this stock is a risk they want to take. Subscribers should also make sure that this position is a very, very small part of their portfolio. If there is any truth to the rumor and there is a buyout, not likely but cannot be ruled out, the stock can gap open much higher. If the risk is too much for an individual’s situation, consider exiting the position or reducing the quantity.
You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.
Check out our enviable performance in both bull and bear markets.
