Now XRC is set up for tax loss sellingWith this dip, and the uncertainty involved, there could be tax loss selling following this. Market should get supported in the 2.20-2.30 range at least temporarily while those who like XRC buy more, but if it blows through that support 1.70-1.85 could be next support for tax loss selling. Wow, what a major blow to what seemed to be a stock running so smoothly:(
I would be a lot happier if we were further along and the economics of the deposit had been proved up already.