RE:Share price pullback That's very true. And if the buyers of stock here around $10 do only half as well as the buyers of this stock 3 months ago, then in May they'll be selling it somewhere north of $15.
That would make sense. After all, the market will already have digested the 4th quarter and full-year results, slated to be released mid-April. As well, it would also be around the time for TD to raise their target price, if not for the second time. That wouldn't be an unreasonable assumption, given that when TD initiated coverage on October 1st, the stock was $4.18 and TD's target was $6.50. Then 3 months later, on December 31st, they raised it to $12.50. Then, 2 weeks after that, on January 14th, they raised it to $17.50. Who knows where it will be in mid-May.
It's interesting how time accelerates for good stocks. They can do in 3 months what some stocks struggle to do over years. It's entirely coincidental that yesterday's close was the intraday high the first time Xebec ever traded above $10. That was on January 4th, the first trading day of 2021. It closed at $9.52 that day.
I'm sure that little snigglet of fact has absolutely no technical significance whatsoever, other than perhaps to point out that Xebec has taken an unusually protracted rest.
Anyway, the long and the short of it is that this story is a great one, and isn't very likely to do anything but stay a great story for a very long time. The business model puts this company in cruise control.
I'm finally running out of things to say about Xebec. I'm turning my investigative attentions elsewhere, two or three of you here know where. If the story I'm looking at passes muster, I'll share it here. It's going to take a while to put it through the paces. I'll be back, just not as often.