FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:RE:RE:Are you worried?

[whognu1]

from May 6

still appropriate today

averaging down remains akin to gambling

in my opinion given the ongoing status of this firm

Good luck

quote=whognu1]

RookieTrader04 wrote:

I agree - although you make it sound so easy to identify when to bottom is in and the uptrend has resumed. So many times we've speculated that "oh this must be the bottom" after a sustained downtrend and a few green days, only to be dragged down by a bad earnings report from an industry peer or market sector sell off . What I THOUGHT was the bottom, was indeed another falling knife.

Regardless of the news, I will be holding because I believe in the fundamentals of this company. If the s/p drops on bad news, I'll happily average down. HOWEVER, eventually this stock is going to need to show me some signs of life, though, currently it's  VSA. 

I'll be patient.

don't guess, don't hope, speculate only when the odds are in your favour


'long term' uptrends and downtrends take weeks, months and sometimes years to show
themselves


(short term trading trends can be had by the minute, hour, day etc)

pls look at the 1 year chart

xbc is currently trading below all support and this will not change until they offer something good

(or possibly 'less bad' - yet i doubt that will be enough)

once any stock hits a series of lower lows and you don't know why, you should spend $9.99 and sell

january till march you had ample time to sell and see what was happening behind the scenes (which, given lower lows WAS somethng that retail DID NOT KNOW)

for the past 6 weeks, we have traded sideways and until this has good news it will likely continue

the longer it trades sideways, the safer it becomes, yet i see no reason to risk my money till the uptrend resumes

to me, this is about $6 - $7 (moving target)

the downside is i will miss the recovery from $4 to $6

(but i will also miss the visit to $3 if they produce poor results)

finally if your position is modest then no worries; if you have an oversized position, then that is a different issue

good luck

ps. i still beleive this is a viable company - but i do not KNOW[/quote]