FormerXBC Inc XEBEQ

Smart money averages up, not down

[tamaracktop]

Ultimately smart money is more effective and influential than stupid money. It's the market equivalent of Darwinian theory. Smart money doesn't average up the first time this hits $4.30 after an issue at $3.60. It averages up at $4.30 after an issue at $3.60, and after it's already pulled back from $5 since the issue.

[filoux004]

This post has been removed in accordance with Community Policy

[tamaracktop]

Prepare for extinction.

[ddogold]

How many shares did you buy today ? I know I added some .

[tamaracktop]

Personally? None. But smart people did.

[catchascatchcan]

I did.  12,500 @ $4.40.  Increased my average cost from $3.54 to $3.74, and feel fine about it.  Have been buying since $2.63, but now am satisfied with my position.  We could dip back to $4, but I see a steady climb over the next 6-12 months barring a market meltdown.  Well run operation in the right space at the right time.  Wish I'd bought some long ago, but

[catchascatchcan]

Should also add that this little play lured me back to the venture.  Swore off it about 4 years ago after a few mickey mouse management teams flaked out and burned me, but time heals all wounds.  And go figure, we're headed to the big board anyways, so I can sleep at night ;)

[ferret_ca]

not yet, holding my core position but haven't bought my traders back yet, if it doesn't hold around here it could drift down to around 4ish (barring any good nr in the short term)  just from a quick look at the chart, not really a chart guy but do use them a bit for the trading portion of my acct.  will definitely add some if does get near 4.