Why the interest? OXFV.OB

I've checked the fundamentals of this micro company and they were awful. Basically the company is bankrupt. The market cap is just $697,364. So I don't know why there's so much volume and price appreciation over the recent days ... some development in the cards? Someone will acquire this to enter the market using a shell company?

I don't know, but the chart pattern is extremely bullish and that's enough for me to commit $1,000 to this penny pick. Volume in dollar terms was $198,233 yesterday so I feel there will be enough liquidity for me to buy, but be careful, probably there won't be enough for many of us.

I won't buy if there's a gap up at the open, so this means I'm not a buyer if the stock is set to open above $0.30, not even if it comes down later in the day (specially if it comes down later in the day I won't buy).

The trading plan is simple:

1) Buy at or near the open if the open was below $0.0030 (I can buy higher, but I don't want no gap up - a gap up occurs when the open is above the previous day's high)
2) Sell 100% higher than the buying price (you can check my buying price at the 3 Pennies on Fire Homepage)
3) Sell if the stock is set to close below $0.0025



David Randolph
www.3stocksonfire.org


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(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. 3 Stocks on Fire is a Community of stock traders and investors. Our 3494 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)