FormerXBC Inc XEBEQ

RE:I lied. I just have to say this

[Arbourmark]

Thanks TT, I agree when McWhirter is promoting a buy he is generally on the way out. I place very little faith in his penny stock comments. It would not surprise me at all that the call ins on particular stocks are pre-planned. You can tell when they are not in his wheel house he tends to have a negative comment.

I think anyone who buys and sells based on his comments or even many of the analysts are not doing themselves a favour or are simply to lazy to do their own DD.

tamaracktop wrote:  A word about Bob Mcwhirter, who's "pronouncements" are quite obviously taken as gospel by many here. Any "professional" who goes on TV and repeatedly touts penny stocks, and covers his a** by saying "Full disclosure, I own this", you must take with a boulder of salt.
  He's done it repeatedly. He did it with Xebec, and bailed. Now he's done it with Cielo ( CMC ), after buying the financing at 12 cents. Even after selling off 40%, Cielo is capitalized at just over half of Xebec's market cap. it's capitalized at $373 million today. As you can see from the chart, it appears to be in distribution.
  Try to find Cielo's revenues. You won't. They don't have any. Try to find their recent quarterly revenues. You won't, they didn't have any, but they did bring in $4200 in the last nine months. Their working capital appears to me to be about negative $4 million, but I can't swear by that.
   I'd very careful of Bob McWhirter if I were you. Personally, I dismissed him outright a long time ago. Admittedly, I might be mistaken, but that's my honest opinion.
   And now, on a more pertinent subject, I'd just like to point out that after a 46% rally from the low to the recent high, and after a 50% retracement of that rally over the course of just one week, it would only take a 30% rally off the retracement base to put the stock over $6 again.
   Not only is this a true and very realistic assumption, I expect it will happen in relatively short order. When it does, the writing will be on the wall that $3.76 was a long-term low, much like $1.74 was on March 16th, 2020, at the covid low. 
   How much better will you feel when that happens? After that, it will never look back at the levels we've just come from.