GREY:XEBEQ - Post by User
Post by
tamaracktopon Mar 26, 2021 3:28pm
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Post# 32887978
Hmmm
Hmmm I'm as disappointed as anyone here about this. Probably not.
The fact is that people tend to commiserate en-masse at market lows. Read this board.
The low was probably put in last Wednesday, when the stock opened at $3.76 and closed at $4.29. The closing low was the day prior at $4.06. Certainly, we might test that again, or even break it, but a close below $4.00 seems very unlikely.
The story isn't over and the downside is virtually squat. Remember the part in the annual results when they mentioned that working capital grew from $37 million to $171 million last year? Don't bother debating that, it's a fact.
It may surprise you to know that Xebec shares have outperformed the big names in the group this week. Since last Friday's close, Fuelcell is down 14.8%, Ballard is down 10.9%, and Plug is down 11.8%. Xebec is down 4.5%.
Market lows don't announce themselves with bells and whistles. We've seen the low and the downside here is squat. Big money knows there is little downside, but has no incentive to jump right back in.
Maybe Kurt will surprise us in the amount of stock he buys in the next weeks.
An aircraft carrier doesn't turn on a dime, but in my opinion, the turn has started, however slow it will be.