GREY:XEBEQ - Post by User
Comment by
Ciaoon Mar 31, 2022 9:39pm
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Post# 34565423
RE:I disagree with the Babe about a weak open tomorrow
RE:I disagree with the Babe about a weak open tomorrow "The stock is benefitting from all of the following influences...renewed interest resulting from the presentations in Denver, the $126 million MOU that will effectively double Xebec's backlog, short-covering, and the fact that sellers quite simply are exhausted ( in the literal sense of the word )"
I don't believe we've seen any short covering overall. We'll need to wait about 7 days for the IIROC report to see if the short position has decreased in the last 2 weeks of March when Q4, the MOU, and investor's day occurred.