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The fact that HMXG closed up 69% at $.22 on Thursday is really throwing people off in my opinion.
If you look at the chart above, it's clear as day that HMXG was trading in the $.10-$.13 range all throughout last week.
Suddenly, a single trade towards the end of the day on Thursday sent HMXG up to $.22
Volume was pretty average on Thursday and other than the sudden spike up, nothing unusual had taken place.
However, investors are confused today because HMXG looks like it's down 50% when in actuality, I believe HMXG should have started near this $.10-$.11 range that we are seeing right now.
If HMXG would have closed around $.10 on Thursday, I have no doubts that we would be much much much higher right now, but since HMXG closed at $.22 on Thursday, people are seeing "-50%" and aren't realizing what a bargain HMXG is at $.10
Hopefully things will settle and we'll see HMXG take off from here.
I call it as I see it, and I hope you can appreciate that.
Today's action has absolutely nothing to do with HMXG being a bad play.
It's acting how I said it probably would, and HMXG is still a phenomenal company with phenomenal products that I believe will revolutionize the healthcare industry.
-Bones
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