Xfuels Inc (XFLS)

[recinvestor]

There’s been low but steady volume in the low to mid .01’s from early April through the end of May.

For a stock with so little attention, and so little volume, it’s likely someone decided to secure some gains when a sudden rush of volume and price increase was in play.

How do I know?

On June 2nd, I was the one who took out the .022’s through .025’s.

I sold some of them when the stock couldn’t test the next area of resistance at .05 and stalled out in the mid .03’s.

Not the end of the world, this is still a very thinly traded stock that could go boom with another day of volume in the 2-3 million range, or bust due to the lack of patience from anyone holding a few hundred thousand shares that wanted to sell and move on.

The risk reward ratio is still very much in favor of those who have a position.

Rec