Targeting those suffering from Traumatic Brain Injury and/or Alzheimer’s disease with their most recent strategic partnership, the penny stock of GTX Corp. (GTXO) tried to get Xtreme Friday with some late session activity. Pumped 5 years ago right around the 30th anniversary of the release of the 9th greatest hard rock song of all time, Runnin’ With The Devil, GTXO stock is trying to run despite declines in their market presence for nearly 5 years. Whether the smoke screen of Brewer Sports International and NFL Alumnus involvement with the 2 way GPS real-time personal location services can be of any help, anything which mentions the iWatch or any other smart watch is bound to be a negative factor for this dinosaur.
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GTXO Stock Quote
Market Cap: 2.61M
Last: 0.025 ▲ +0.0183 (+273.13%)
Dollar Volume: $64,231
Issued and Outstanding: 104,260,827
14-Day Rel Strength: 70.89%
1st Resistance Point: 0.0397
1st Support Level: 0.0086
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If we went into a time warp and PDA’s were the hippest gadget out today, chances are you would be flocking to get some shares in GTX Corp. as quickly as you could. Being able to track you’re location and how many steps you take during the course of a day while sitting at you desk would be the type of information that you simply couldn’t live without.
However, it’s 2013 and everything out today, even the option to GPS your newborn baby with an implant in their earlobe, has some form of simplistic GPS and/or cellular location platform to track in real time the whereabouts of people, pets, vehicles and high valued assets. Heck, just last night, I was supposed to be watching the Cowboys game with some buddies and the old ball and chain had me pinned down by her GPS tracker of my iPhone to a strip club in South Beach which, luckily enough, did have the game.
Evidence in the SEC filings proves why GTXO stock had become a sub-penny stock after being as high as 0.13 just 18 months ago.
The decline in sales for GTX Corp. has been dramatic. For the year ended December 31, 2012, sales dropped from $663,835 in 2011 to $367,114, a -45% decline and 2013 hasn’t been much different. For the 3 and 6 months ended June 30, 212, sales were a measly $49,966 and $95,412, respectively – a pace which is due to be a decline for the year ended December 31, 2013 of a bout thee same as was in 2012; -45%.
Now, I don’t know about you, but something smells fishy about why GTXO stock is going to be so great, but then again, this is OTC land where if the Miami Dolphins had a penny stock, even they could see a 10-bagger surge. For today though, it should be a typical day 2 Xtreme pick – GTXO gaps open and ends the day lower than Friday’s close with a chance of a Refrigerator Perry type rush towards the end zone which is likely to be at some point in November.
About GTXO Stock
GTX Corp and its subsidiaries are engaged in businesses that design, develop and sell various interrelated and complementary products and services in the Personal Location Services marketplace.
Click here to view the SEC filings for GTXO.
Click here to view the website for GTX Corp.
Last 5 Trading Sessions:
For those who missed out on buying GTXO at above 0.03, don’t fret – more opportunities to be forced to average down on the latest penny stock pick from Xtreme will present themselves shortly. With roughly 80 million shares in the public float, GTXO stock is going to be hard pressed to break past 0.10 before it revisits 0.01. Then again, the Dolphins won yesterday which proves that anything is possible.
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