The Dean’s Not Too Sure About $EXBX
October 30th, 2009 at 7:52 am Posted by The Dean
The Dean recently taught the CollegeStock Community about Exobox Technologies Corp. (OTC: EXBX) in his Prerequisite Picks of the Week. $EXBX has been on The Dean’s radar ever since October 15th when share prices jumped more than 170%.
The Dean’s been keeping an eye on $EXBX because the company’s main focus is the software industry, at least until recently. If you take a look at $EXBX’s news over the past couple of weeks, the company has recently purchased an oil and gas well.
A couple of weeks ago, $EXBX announced their intentions to purchase a claim worth $22.5 million. On Monday, $EXBX announced that the sale was complete and the stock jumped again.
Today, $EXBX is trading in the green on last night’s news that the company made a new addition to its marketing team. You might also notice that similar news was released on Wednesday as well.
The Dean believes $EXBX could be full of surprises, as it’s a little unusual that a security and software company has suddenly become diversified by trying to make moves in the oil industry.
Although $EXBX has seen some gains over the past couple of weeks, The Dean’s not too sure that this type of investment is good for the long haul.
The Dean has noticed that $EXBX has been mentioned by PicksThatMove.com, StockMarketingInc.com and OTCPicks.com, over the past two weeks. Clearly, promotion was one of the reasons The Dean anticipated $EXBX to see short term gains this week.
As always, The Dean wants all of his students to do their homework on the quality and frequency of the news of any company they might be prospecting for investment.
