GREY:XEBEQ - Post by User
Comment by
tamaracktopon Apr 08, 2021 5:04pm
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Post# 32959925
RE:RE:RE:RE:RE:Has anyone else seen this headline from April 1st?
RE:RE:RE:RE:RE:Has anyone else seen this headline from April 1st? Sorry to say, but I have to agree with you there. Xebec seems to be developing a habit of witholding negative news. There's no question about it. They haven't given an update on Boo in...forever. If there was a further delay, it should have been disclosed in a timely fashion. I would have thought that any developments at all regarding this project would have been disclosed, as they have touted it's potential for years as being a future source of significant recurring revenues. Management gets no points for that.
No points for not disclosing the reasons for Prahbu departure either.
And no points for not giving any updates regarding the collaboration with CarbonQuest either, which was announced eight months ago tomorrow. Or was that just fluff before they announced a disappointing quarter the next day?
I've often been called a promoter, or a cheerleader, or worse. I'm not. I don't own Xebec. Rather, I'm giving an objective and dispassionate opinion. That's all I've ever done here. That's all you'll ever get from me.
I'm often right, and I'm often wrong. I give alot of opinions. Whatever they're worth.
While I remain extremely bullish on Xebec,technically, today was ugly. While it wasn't a pronounced violation of the descending wedge, and while it happened on a fourth consecutive day of decreased volume, it looks likely that Xebec will fill Monday's gap last Friday's at $4.87. That would be glaringly obvious to any true technician. I hope it does. It would be a logical starting point for a sustainable rally after the slow fade we've seen this week.
A trade down to $4.87 followed by a rally back above $5 would be an optimal scenario. Much like the trade down to $3.76 and the afternnon rally to $4.29 on March 17th set us up for the rally to $5.49 on April 5th.