Subscriber alert: closed TXMD (54% profit)

Decided to close TXMD today. The price action after the dilution announcement was not what I expected. I was expecting it to slowly recover after the drop, but the price seems to want to go lower. The likely reasons for this are not the dilution (it dropped already), but management showing they don't think a higher price is warranted:

  1. CEO stating that the recent price run was due to a short squeeze. This means he is not supportive of that high price it reached 2 weeks ago.

  2. The new offer is priced at $1.84. Also, a slap on the face of investors when the price was $2.4 just recently.

I still think this stock has room to go to $5 in the next 2 years and $10 in the next 4-5 years. I will be looking to reenter after the earnings.

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