GREY:XEBEQ - Post by User
Comment by
Resilience19on Dec 04, 2020 3:00pm
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Post# 32039007
RE:I'll have to do more work over the weekend
RE:I'll have to do more work over the weekend My take is that the "relatively" low volume, during this end-of-year tax loss selling period (not for XBC obviously) is investors (including institutions) placing their chips in anticipation of a steep post-New Year or on-news (TSX graduation, M&A, contract etc) climb of the sp. Because you can be sure that, at this point, the moment a shred of decent news comes out its going to be a bloodbath out there (people trying to buy almost at any price), at least until it touches the $10 dollar mark (in January?).
Beyond that your guess is as good as mine. It could move sideways for a while but it could also do a "Ballard".
My two cents.