Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today's plunge for IDOX shares certainly seems to have ruffled the feathers of bulls of this stock if that is not mixing metaphors painfully. However, as can be seen from the daily chart since start of the year the decline has not been an overnight affair, and despite the losses we have already seen, there could be more to come once the dust has settled on the latest gap to the downside.
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