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Author Topic: TXCC - update
Purl Gurl
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Appears my previous projections for TXCC
were typically too conservative. I had
not expected TXCC to break 2.50 until the
first or second week of January.

I need to update you on this stock. Today
there is very good volume and good support
at 2.45 to 2.48 per share, up significantly
from the 2.25 to 2.30 range when I first
highlighted this stock for you.

My previous indication was caution upon
breaking the 2.50 barrier. Chances are
very good TXCC will break and hold 2.50
per share next week, possibly Thursday
or Friday. There will be some periodic
profit taking, which will dampen this
sudden and healthy climb in price. Do
not be surprised if TXCC settles at
2.48 to 2.49 on Friday of next week.

This good volume and continued fast
rise in prices, strongly suggests TXCC
will easily break 2.50 and continue to
rise for a period of time. The pace in
rising prices should slow a little.

I am projecting TXCC will find new support
at 2.60 to 2.65 by the end of January. It
is "possible" TXCC will hit 2.75 in February
but caution should be exercised.

Nonetheless, there is still a chance for you
to turn .10 per share within the next few
weeks, just like last week.

Look for continued rise in price with a
slowing of pace beyond 2.55 to 2.60 per.

My congratulations to those who bought back
at 2.25 to 2.35 per share. You have done well.
Consider a "hold" position for now. Your
profits should continue to grow.

Be careful, research well and keep in mind
I am expressing an opinion which might not
be correct. Do not buy nor sell based solely
on my opinion.


Purl Gurl


Posts: 7504 | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
Purl Gurl
Member


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Icon 1 posted      Profile for Purl Gurl         Edit/Delete Post   Reply With Quote 
Last several trades for the day were small,
one at 2.40 per for 100 shares, one at 2.40
per share for 300, and one at 2.43 per for
100 shares.

Prior to this, minutes before, active
trading at 2.45 to 2.47 for larger amounts.

Expect Friday trades to start at 2.45
and most likely close at the same price.

True average close price today is 2.45 per.

Have a Christmas filled with warm family love!


Purl Gurl


Posts: 7504 | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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