GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 04, 2020 10:46am
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Post# 32036645
Morning Comment
Morning CommentThis is Major Tom to Ground Control
I'm stepping through the door
And I'm floating in a most peculiar way
We're in to rarefied air now
The temptation to sell becomes harder to resist the higher this goes
Don't succumb to it. It's going higher because it's going higher. There's nobody telling their brokers "Sell that thing as soon as I break even".
Coming up on 700 million market cap. At $1 billion, the stock is halfway to breaking the lower boundary of "Mid-Cap". At $1 billion the stock is $9.40.
Critical mass was reached mant months ago, and the stock is finally reaching escape velocity.
Remember, the uplisting has not been discounted by the market because of the mechanics involved. Institutions that aren't allowed to buy it now can't go ahead and buy it today only because they know it will become uplisted. They have to wait until it is. Similarly, people who want to margin it today, can't buy it on margin today because they know it will become fully marginable. They have to wait until it is.
The day it becomes uplisted the demand curve will shift radically to the right. The stock will add at least a point within a couple of days.
Look at the possible news coming at any time: The uplisting, an acquisition, contract announcements, news from CarbonQuest ( long overdue), The Line of Credit announcement ( a major endorsement ), Royal bank initiating coverage with a who knows what target, several additional target revisions, a secondary financing, M&A news in the hydrogen space...the list goes on.
The stock is now at levels where a big move up or down will be 60 cents to a buck. Don't let it freak you out. Just prepare yourself mentally. It's inevitable. Xebec is truly blue skyed now.