GREY:XEBEQ - Post by User
Comment by
Ciaoon Feb 25, 2022 10:29am
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Post# 34461331
RE:RE:RE:RE:Could they possibly
RE:RE:RE:RE:Could they possibly It's too easy to manipulate this stock.
FCEL and XBC are down about 3% as of writing.
It takes about 5M shares for FCEL to drop 3%, but only 60K shares of XBC to create the same drop. With respect to the shares o/s, it takes 1.3% of FCEL volume vs. only .038% for XBC.
There is so much more leverage (30X plus) on a relatively illiquid stock such as XBC. Easy to manipulate. $80K worth of XBC trading this morning affects about $8M in market cap, that's 100X leverage.
Hesiod07 wrote: When the market is consistently up 1-2% on a daily basis and this thing is consistently down 3-4% you know there's a problem. It's called a bear raid, and it is surely augmented by some shady dealings between hedge funds and their prime brokers. I think the Board should request a trading audit. It's their fiduciary duty to all shareholders. Is anybody with me, and do you want to approach the company?