Thread: TXIC dropping quite a bit, but why?

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  1. 09-29-2016, #1
    ajaxunos
    Join Date Jun 2014
    Location Moldova
    Posts 0

    Default TXIC dropping quite a bit, but why?

    Hey, I'm kinda new to investing and all. I put some money in TXIC around 1 week ago since everything about the company seemed to be improving. Within a day it started to go down. I wasn't worried at all, but 3 days later now, it has continued to go down dropping around a total of 20% since I bought it and it has only been like a week.

    Any input would be so helpful!

    Was it a good buy in the first place? and why is this stock plummeting? I did notice that several other auto part manufacturers are taking a hit too, but I'm having trouble finding why.
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  2. 10-01-2016, #2
    AletheaHar
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    even though it's not what i want to hear. I think i'm gonna do what yah say. Wait for a bounce and pull out.
    I appreciate the info.
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  3. 10-01-2016, #3
    AllaGraima
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    It's a little over sold right now so I expect a bounce to re-test the 50 day MA at some point but if it breaks below the 7.60 mark I wouldn't wait for the bounce.

    I would like a second opinion on this one though so someone else post up if they agree with me or not.
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  4. 10-03-2016, #4
    Aminahony
    Join Date Dec 2014
    Posts 0

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    haha. I'm not much into taking chances. I'm playing with a large percentage of my money, mainly because I only have a little. haha. I'm still in highschool though so I haven't earned much yet.
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