Xtract One Technologies Inc. T.XTRA

Longs Dumping at a Loss

[Nightstocker]

Apparently a long on the FB page has averaged down enough since 2018 that he's decided to unload his position and take the loss. 

Has been unloading over the last couple of days.

Part of me says he should have waited until at least the earnings call.

The other part of me is thinking about the MLK quote: "free at last"...

[Baxbax]

His only free once he succeeds to stay away from FB for some time. I dont think I would succeed so money stays in forever. Maaan it would be nice to celebrate together sometime bags full of cash.. feels distant but after this mayhem it would be pure joy... okay back to our situation which is that new style having the conf call during the day prevents from any rocket ride statement or any real talk

[Davinator]

Seems crazy to me unless he really didn't have much left to fully liquidate. I'm frustrated as all hell right now with the apparent change in company posture with some regular news and communication with us investors, but it seems pretty basic that either the business and increasing sales will start to drive the stock price at some point, or a buyout offer from someone will drive the SP

[Nightstocker]

@Davinator, I would say this guy either needed to free up capital for a better investment , or he thinks/has info that the next earnings call will be bad enough to lower the price even further.

[Baxbax]

Freeing up cash is probable reason, most of us tapped out, but nobody in that group knows whats going on or going to happen in short term. Ofc its chance to scoop potentially at lower levels but I believe theres a solid chance of moving quickly if any surprise. What would be surprise for me? 4,5m +. together w/ follow up NRs. Nobody knows or some dont care how long the happy hour sales are