RE:RE:I'm buying more shares today, this is very undervaluedI'm not a trader, I'm an investor. Before I was at 700k shares, and today I'm at 750k shares. I don't sell shares, I accumulate them. It's not that I believe this is the best company around, but I believe it's undervalued and there's lots of money to be made buying into an undervalued stock. I believe fair value for XBC is at $3, and I think it will get there in a year. In the short-term, I believe it will make its way back up from an oversold condition to $1.50, within weeks.
The stock market is a psychological game. Negativity and fear create panic, which in turn causes retail investors to sell their shares of a company at the bottom. When they sell out of fear, it is the exact time they should be buying. It's hard to see now, but sentiment will eventually shift and become positive, and when it does, this stock will fly.
ZouZS3 wrote: So Winston how many shares do you have now? Last time you were at 750,000 shares! You are either all in or you're a millionaire. Looks to easy to be true! Who are you?!
Winston1 wrote: I already have 700k shares, and will be adding 50k more shares today. This is trading at a price/book of less than 0.5; the value here is incredible. As long as this remains unreasonably undervalued I will continue buying shares.