FormerXBC Inc XEBEQ

Here's your morning laugh

[tamaracktop]

I just posted on the Cielo board.
Couldn't resist.

This is so stupid it's funny

Here are four statements Bob McWhirter made in the same interview  on BNN about Cielo:

"I’m extremely detailed when I conduct my due diligence. When companies try to pitch me new ideas, I go in depth to see if their business plan appears viable"

As well as:

"I reviewed Cielo’s patents last summer and this was after I decided to start investing in Cielo."

Maybe this explains everything:

 "I also have a strong technical background and worked 3 years in a machine shop after high school."

And finally, the coup de gras:

 "My insight, it’s NOT a recommendation, is that Cielo could reach $8 CAD within the next 12 months."

[Gann999]

Wow 3 years in a machine shop as a teenager the guy is practically an engineer

[whognu1]

hey now easy on the judgement............. i spent several years as a commercial salmon fisherman and as such i worked on an awful lot of fish i've always  considered myself damn near a vet tell me this is not wrong............

[Gann999]

Maybe you can open up at specialized veterinary practice for just salmon. The market for that must be tremendous. Maybe you can prevent death after spawning with your extended work experience.

[whognu1]

yup finally someone gets me.............

[Gann999]

Question if xebec was to stock was to start performing very well and rose say above 5 or 6 and analysts were upgrading and revenue and margins improved and turned profitable. Would you cash out at 6 plus or let it ride?

[whognu1]

NT the only way this gets to $6 is they prove out their strategy real, demonstrable and proven results $3 to $6 would represent a +/- double for me (duh) and given my expected position size, and given that momentum was 'finally' on our side,  i would more likely just keep a mental stop on the price and ride the wave as you know xbc trading is very perplexing from what they have

[Gann999]

fundamentals tell you what to buy only if you understand them correctly. Technicals don't tell you jack squat until after the fact so gonna have to disagree with you they tell you when to buy.

[whognu1]

yes and no specific to this company since march of this year you could argue the fundementals have improved (as i beleive they have) and yet, a quick look  at the chart with its lower highs and lower lows, has told you stay away that was proven to be 1000% the right call technicals do not make a call on the company, nor why it trades the way it does it simply tells you, thru the

[AlexDonovan]

I'd cash out at $3.60-$3.90 depending on my entry honestly

[tamaracktop]

Sorry friend. You're exit point shouldn't have much to do with your entry point. It's either going higher or it's going lower. If you take a hit, you carry it back 3 years or forward indefinitely. Too many people base their decisions on their ACB. This is precisely what adds to supply overhead, when it actually shouldn't.

[AlexDonovan]

I understand where you're coming from, and indeed it is a fallacy to sell based on your entry point. However, it's also important to rebalance your positions if they get too out of line. If XBC becomes a big position of mine (>$100K) then a 20% increase is certainly cause for pulling out and reassessing. Oftentimes, there can be more money made in the swings that in the long term hold

[filoux004]

Alex may I complement you on some very thoughtful and articulate assessment of XBC. Thumbs up, looking forward to your next comments

[Gann999]

Does cielo have any manufacturing capacity they are looking to sell before they go bankrupt?