GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 23, 2020 12:43pm
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Post# 32170015
I'll try again
I'll try againThis time I have more confidence than ever. The possibility of a melt-up is high.
The close will be a monster, for 2 primary reasons, and a number of lesser ones.
The first primary reason is that the stock is going to make a new all time closing high. That's a given, and there's no way I can jinx that. Technically this is very significant, as $10 becomes a magnet. Supply is very thin, and there's a huge pool of money below the surface watching this. It reminds me of the theme song from Jaws.
The second reason is that news on the banking front is imminent, as in probably tomorrow, and the market knows it. Kurt said the new credit facility will be finalized " by the end of the month". Kurt always delivers.
When the deal is announced, it will be news that a major Canadian bank has extended a $50 million credit facility to Xebec, which is a huge endorsement. It's very likely down to either, TD or National Bank, as they are the only banks that cover Xebec. It's a tough call, with Levitt being on Xebec's board, and with National Bank being Quebec based.
Either way, the market will like it.