GREY:XEBEQ - Post by User
Comment by
Resilience19on Sep 21, 2021 9:42am
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Post# 33891652
RE:Analysts
RE:Analysts@Gann, if you think Evergrande's potential default will generate important repercussions, just imagine what a potential US default might have...
Debt-limit standoff persists: Analysts see 20% risk of default, as White House warns of potential pain for states, localities. (https://www.marketwatch.com/story/debt-limit-standoff-persists-analysts-see-20-risk-of-default-as-white-house-warns-of-potential-pain-for-states-localities-11631900159)
‘Congress will at some point increase the debt ceiling, but it may require the pressure of a technical default and market sell-off to get there’
Gann999 wrote:
Even TD target is making them look stupid at this point 4.50 sitting at 2.66. Didn't someone make a point a while back that they try to keep targets within at least 50 percent? I'm actually shocked there are sellers at these prices still. It's trading as though something is very wrong within the company. Our horse is in last place by many lengths and has fallen over and broken It's leg at this point. I really was hoping to hold 2.70 as some sign of the bottom but we broke right through and traded as low as 2.64. It's very hard to defend xebec at this point as much as I am still inclined to do so, management has been silent for the entire quarter. I emailed Brandon to get some sense of reassurance and received none. I got a run of the mill response that management knows they need to execute and they are hurting as well and that it's a long term investment. I was then pointed to read the market outlook given in q2 not very reassuring. I am starting to think something is amiss within the company because that is the only thing that would explain such a fall from grace 17.50 to 4.50 trading at 2.66 deep red with the market now shook over this Chinese developer if they default there will be repercussions and companies carrying debt and not making profit will be closely looked at in my honest opinion. This is shaping up so far to be the absolute worst investment I have ever made and probably will make in my life.