Matrixx Bounces As Predicted

June 17, 2009 · 2 Comments

mtxx

After taking a 70% hit yesterday after the FDA asked for a recall of their homeopathic cold remedy Zicam, MTXX bounces as we predicted yesterday. The stock opened at $5.64 cents where we called it and then came just shy of seven bucks in trading today as panic subsided and shorts bought back to close their positions.

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