GREY:XEBEQ - Post by User
Post by
tamaracktopon Aug 17, 2021 1:12pm
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Post# 33717520
Possible capitulation?
Possible capitulation?We won't know till the close, but it's possible.
Volume has already exceeded yesterday's, and the pecentage loss on the day is bigger than any daily loss since earnings.
Losing 26% after reporting record revenues seems a little much, but the market has taken on a mind of its own..
The implied return towards consensus target is now ~ 63%.
margins are going nowhere but up.
Xebec's problems are fixable and obviously management's #1 priority.
The low will probably be market by a strong intraday reversal.
Even a dead-cat bounce would put this comfortably above $3
Everyone hates this.
Say hello to good buy.