There are thousands upon thousands of investors who are major followers of micro cap stocks and for god reason too. Despite the volatility in those stocks, there is always the possibility of enormous gains. This brings us to the subject of the ProText Mobility (OTCMKTS:TXTM) stock.
Not too long ago, the stock had emerged as one of the major gainers from among micro cap stocks but this past Friday the stock corrected sharply and declined by as much as 16%. However, at the same time, it should be noted that the decline in the stock was brought about by profit taking from investors.
Hence, it might be the right time for investors to figure out if the decline in the ProText stock might actually prove to be an opportunity. Prior to the correction in the stock last Friday, it had made a strong move up the charts and had been one of the more popular micro cap stocks in the market.
In addition to that large number of investors who flocked to the stocks, the ProText stock also came on to the radars of some of the biggest players in the penny stock space. It now remains to be seen if the stock can make a swift recovery today.