In my opinion, mtxx is a long term, probably longer than I would have anticipated, but eventually, this will go up. again, imo, Zicam is simply too big of a line for this to fail.
I bought into mtxx right after the announcements of the law suites, thinking this was an opporatunity to get into a $20 stock at a quarter of the price. I entered at $5.25 a share and still holding.
at 4.07, I plan on adding here soon, depending on the holiday complications. Barchart is listing a 3.88 support and a 4.32 resistance, with an overall hold.
I haven't done a lot of research beyond anything the overall mkts have released. There certainly hasn't been much in the way of recent news, but again, overall, I still look at this as a long term.
we'll have to see what the new year brings.
denise.
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