RE:Today, next week, next month...tamaracktop wrote:
Whenever it comes, this is going to look a he'll of alot better going through $.73 to the upside than it did to the downside
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I posted that on Friday at 1 pm.
As it turned out, it didn't do it "today".
It did it "the next day".
The added bonus is that the company's market cap has increased from $92.8 million at Thursday's close to $116 million today.
Up $23.2 million in 2 days.
It's now once again comfortably above the hundred million$ threshold for eligibility for many institutional investors, like every single insurance company in Canada for example.
More importantly, the mandate of many private money managers requires adherence to the very same minimum market cap stipulation.
In all likelihood this added to the selling pressure on the way down.
The reverse happens on the way up.
Hang in there.
Xebec has just been through a serious bout of growing pains.
Its prospects look very promising to me.