You may be right in the long run, but its $16.55 now and it just hit the threshold list. The fact is that any shorts out there are gonna be forced to cover their positions. Given how thin this stock is, it may be a good short term trading opportunity.
Personally I couldn't care less about the long term prospects of MXFD, I'm just looking for a good trade.
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I am holding the stocks I discuss on this board, unless stated otherwise. I am not giving any investment advice. Penny stocks are risky investments. Do your own research before buying any stock.