Savvy Trades and Investments

[Mermelstein]

AUXO - my biggest concern here is how far the stock has ran on basically no news. It's up 80% from where it was trading in January, on an acquisition and an uplisting. Ordinarily, I'd say those two events are not worthy of nearly a double.

I guess they got a good price for the acquisition, but I presume the people selling the company were not stupid and offered the company at an attractive price for a reason. Couple that with the fact that the deal was for basically no equity stake in AUXO, and that concerns me a little.

Stock still appears undervalued, but there is substantially more leverage now and any misstep could cause some major financial problems.

I'd be careful about holding this thru earnings...