low 6's to hi 5'sis looking very doable in the very short term, if it doesn't hold there low 5's look like the next probable support level, imho xbc could sell off more towards the close as traders bail for the weekend.
a few posters on here don't understand some real basics here, a couple said it should be higher based on fundamentals, lol. this whole run up is based on expectations of massive future growth and is more a speculation. it is not cheap on fundamentals
others say it's aquisitions were acretive, lol, they paid one heck of alot for hygear which may or may not work out this buy was not acretive , but still probably a good buy for the long haul.
xbc could turn into a bit of a show me story, they need very strong execution and will eventually need to show they can be profitable again (with the expected build out this could be a while) .
it's interesting to watch even those on here with the strongest conviction having 2nd thoughs, there's been a coupla years of brainwashing going on in the xbc bb, reality eventually provides the wake up call. anyhoo some of you will eventually learn to not fall in love with ANY stock and stay diversified, and remember this sell off isn't xbc specific, all high flyers are getting hammered and those that are more speculative in nature (note xbc, grn, gdnp, scr and the list goes on) get hammered even more. risk on will be back, hopefully sooner than later, but probably without as much "enthusiasm" as before barring some very positive nr's from any of these companies.
watch for the ones where insiders start buying on the open market, I doubt xbc will be one of them, and it never really has been over the last 2 years or so , except for the odd pp.
cheers and gl ferret