TTXI getting some 'press'... STOCK DOUBLER - Telco-Technology, Inc. (TTXI)
Symbol: TTXI (OTCBB)
Shares Outstanding: 19.9 Million
Estimated Float: 10.4 Million
Recent Price: $.15
52 Week High/Low $ .01 - .19
On September 9th, this newsletter first profiled Telco-Technology, Inc.
(TTXI). The stock has had a dramatic move up, getting close to the yearly high of .19 reached last October.
After the close on Friday (9/26), TTXI released dramatic news about two highly profitable Chinese media companies that they hope to merge with.
Our readers now have the unique opportunity to act on a low-priced situation without being the last to know.
Chairman Don Mckelvey has spent his entire career in the
telecommunications industry, and recently reviewed opportunities in Beijing, China. The company announced that McKelvey was returning to China on October 22 with a well-known New York investment banking (and NYSE member) firm looking to help finance the acquisitions.
This is the news smart investors have been waiting for. TTXI expects to have a definitive agreement prior to leaving on the China trip.
TECHNICAL - Once a new 52-week high is reached, a stock can rise dramatically, since there is little resistance. In other words, it means that everyone who bought TTXI in the last year has a profit, so there's no one waiting to "get even" and sell.
The same goes for the market makers who sold short; they will be forced to buy back, creating more upward pressure. Please click on the link below to view an unaffiliated technical analysis:
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OUR STRATEGY: Consider TTXI shares at prices up to .25 and sell half at twice the purchase price retaining half the position at NO COST to be held for long-term growth.
