GREY:XEBEQ - Post by User
Comment by
tamaracktopon Jul 17, 2021 2:06am
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Post# 33564773
RE:RE:RE:I'm completely wrong
RE:RE:RE:I'm completely wrongYou say my parable about Xebec's 4 day bounce from $3.65 to $5.01 wasn't worth adding? I mean no offense, but I don't think you got my point. My point was that there was No News when that happened. We all know the market gets stretched in Both Directions. I was suggesting that while some here think we need a positive news release or some sort of catalyst to turn this higher, I strongly disagree. I could obviously be wrong but I think that mid-May rally was caused by the market going from looking in the rear-view mirror to looking through the windshield at the coming quarters. Doing so took the stock from $3.65 to $5 in four days. Now we're sitting here at $4, and we're much much closer to the coming quarters today than we were then. I think this stock has been stretched to its limits to the downside. Certainly it could possibly muck around here for a bit longer, but I think the risk here is negligible and the coming rally will surprise everybody. I think it will be well through $5 anyway. Well through $5. This whole space has been in a wicked bear market for 5 months. They're all down 55 to 70%. The magnitude of this clean-energy bear has almost been unprecedented. Like I said before, when sentiment changes, there's a sh*t-ton of money on the sidelines that won't want to be left behind. That's my theory and I'm sticking to it. Xebec hasn't seen its highs. Companies with growth rates and balance sheets like this one don't reach their peak 4 years after being born. They just don't. Xebec only just emerged from the womb 4 years ago. Think about that.