Tuesday, August 10, 2010

EXTO - A Substantial Bounce Lies Ahead

EXTO less than two months ago was happily trading in the $.01 to $.02 range.  The company had some promising news and investors reacted positively.  That was until the authorized shares were raised and the stock fell from the $.01+ area to were it now sits at $.0005.  The floor has been set as evidence by the recent narrow trading range.

After such a sharp fall it is only natural that this stock bounces.  That bounce should be coming soon and I think it will take EXTO to $.001 - $.0015 and possibly beyond.

With every other triple zero stock catching a bid, EXTO offers a great chance to play this trend.  Add this stock to your watchlist.  It is going places.

No comments: