Here come the shorters again20 Jan 2016 10:22
On thin volume days and on the open and close, they try to push the market down.
And back we are at 6.75p from 8.5p.
Will be telling if we hold the 6.5p level as this is where we bounced off from the announcement of the new Chairman.
Clearly stocks globally are feeling the heat but companies like OXB should be largely immune to what is happening to oil and commodity prices. OXB has its plant capacity which was increased and will increase further soon, has its Novartis agreement and is positive in terms of cash flow for the foreseeable future. Its a "boring" story until any new news surfaces.
I think this is a level to start accummulating stock at again with a short term target of 9p as the market makers/players play their games.
Do your own research as always and these views are just my own.