GREY:XEBEQ - Post by User
Post by
tamaracktopon Apr 26, 2022 5:19pm
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Post# 34633783
Somewhat interesting, but not really
Somewhat interesting, but not reallyA look at the one-day OHLC chart shows that Xebec traded at $2.11 both at 12:05, and
again at $2.11 at 3:25.
Between 12:05 and the close, the Dow dropped 273 points and the Nasdaq lost 125 points.
The S&P, the Dow, and the Nasdaq all closed at or near their lows for the day.
Xebec recovered from $2.11 to $2.18 in the last half-hour on 80,000 shares.
68,000 of those shares traded in the last 10 minutes, taking the stock from $2.13 to $2.18.
Not saying that's great, but it's hard to cast that in a poor light.
Don't rule out news tomorrow, before the earnings date on Thursday.
Xebec's stock hasn't "baked-in" the recent order news into the stock price yet.
It's trying, but the market won't let it.
Once the market stabilizes, or rallies ( heaven forbid ), it will.
Believe me.
It will.