GREY:XEBEQ - Post by User
Post by
tamaracktopon Jun 18, 2022 8:08pm
222 Views
Post# 34767109
the trading
the tradingXebec was down 5 cents ( 6.1%) on Thursday to 77 cents on 129,000 shares with the markets sharply lower.
It was up 14 cents ( 18.2%) on Friday to a 2-week high on 672,000 shares in a market that was mixed at best.
Thursday's volume was the lightest this year, while the Dow was down 741 points and the Nasdaq and S&P were down 4.08% and 3.25% respectively.
Do you know that Thursday's volume was in fact the lightest in over one year.
Do you know why that happened ?
It's because sellers are exhausted.
They're done.
There was noone left dumb enough to be willing to sell Xebec for less than half its book value, and there were no buyers around either because the market was in freefall.
Even the lowest target was a double from there.
The consensus was a triple.
In the last 3 trading days the implied return to the lowest target ($1.40) has gone from 92% to 54%.
That's a fact.