Endexx Corp (EDXC)

[dude iligence]

EDXC looks bad. When the rest of the pot plays rallied last starting 6 days ago for Third Day In Play Collect Your Pay. (MJ went up 100%) EDXC got more dilution dumping taking it from .07 to as low as .046. This is the problem with giving out shares for acquisitions, JV etc. Everybody wants to be the first one to the exit if the price doesn't go up immediately. I'd say 90% of the current EDXC shareholders are bagholders.

http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=2&dy=0&id=p36078473683

The price is sitting on the 200ma right now. That rally 6 days ago in the MMJ sector was most likely the last op for EDXC to recover, but some eager beaver with millions of shares dumped. For all we know there could be 10 eager beavers with millions of shares waiting to unload.

Fall below the 200ma and the chart doesn't have any support. EDXC was basically sub-penny before it shot up from .005 to .20 in only 9 days. This is a ugly position to be in if your long. Trying to be optimistic a possible bounce off .03 then .015 but .0090 looks like a place it could get swacked to for a bounce. From a traders perspective buying this at anything above .009 for a bounce is too risky. You have to ask where is it going to bounce to? .04 Why buy at .03 if it only goes to .04. Hope this helps. Sometime the best thing to do is take your loss like a man, pick yourself off dust yourself off and press on.