SPEX - .536 - was stopped out on Tuesday at .90 - Reentered today at .53 with a 30% increase to my position.
SPEX announced today:
Spherix to sell $2.77 mln of shares of its common stock and warrants to purchase shares of its common stock in a registered direct offering to institutional investors
From past experience, these types of offerings provide a great buying opportunity. I expect this to climb back up starting as early as Monday -
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