GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 27, 2020 9:36pm
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Post# 32186233
Opportunity Now?
Opportunity Now?Tomorrow is that very rare occasion when the Canadian markets are closed, while the US markets are open. It will be interesting to see if there is any market reaction in the US to Xebec's prospectus news that was after the early close of trading on Thursday.
Futures are looking good, which may present an opportunity very similar to the one that occurred last year at this time. Last year, I pointed out to a reader here that although the US stocks we often mention on this board were very strong, Xebec had hardly traded. In fact, it was offered at the previous day's close. I suggested that if he were to buy all the stock showing at the offer down there, he would probably do quite well when trading resumed the next day in Canada. I suggested someone was asleep at the switch.
He did just that, and he made out quite nicely. He explained to me that it wasn't very easy, and that he had ended up having to call his bank to buy the shares. Even then, the first individual he talked to didn't know how to do it, but he persevered and got it done, with a good result. That situation may well arise tomorrow, if anyone feels so inclined.
I don't mind mentioning this here, because in my opinion, he has more than enough Xebec, although he might not think so.