FormerXBC Inc XEBEQ

RE:Remember the first 3 weeks in May?

[tamaracktop]

tamaracktop wrote: Xebec's lows during corrections have often started with a sharp intraday reversal on big volume. Those that haven't have mostly been characterized by a tight trading range and increasingly lighter volume.
    Remember the first 3 weeks in May? They were tortuous. During those 3 weeks, the high and low range of daily closes was between $3.01 and $3.33. The entire volume over those 15 sessions was 4.7 million shares. That's an average of 313,000 shares a day.
    Then it broke out. In the 6 days from May 23rd to June 1st it went from a close at $3.30 to an intraday high of $4.37. It traded 4.2 million shares in those 6 days and jumped 32%.  That's an average of 700,000 shares a day.
     Clearly the trading these days is all retail. Big money isn't doing anthing here. There's no real incentive. Big money will wait until the stock turns higher with conviction. The very big money would rather pay a little more for this stock by waiting until its perfectly clear the underlying trend has resumed. 'Till there is a return of momentum. The real money isn't in this stock for a buck.
     When it comes back, we'll see a big increase in volume and a commensurately large move in the stock.

Remember that? That was yesterday. We closed at $5.14.
    Look at the chart. This correction has been virtually identical to the September 18th to 30th correction. Very very similar. Scary similar. Look at the chart.
    The only difference is that this time it only lasted 7 days, not 8. I suppose we might even interpret that as a good thing.
     Now look at the chart again and look what happened in the first 8 days in October. It should make your weekend seem to drag on.
    The giant has awoken.