FormerXBC Inc XEBEQ

RE:RE:RE:It won’t be long now

[AlwaysLong683]

Winston1 wrote:
Xebec is not alone in its recent descent. The best way to counter the FUD (fear, uncertainty, doubt) spread on this message board, and every other stock message board and to give yourself some peace of mind is to always compare the stock in question to the rest of the sector that it's in, and the broader market.

GRN, FCEL, BLDP and the NASDAQ index are all down since August 25th, just as XBC, although of course the magnitude of losses is greater for XBC being a volatile, actively traded microcap stock. 

Of course those unsavoury characters on here with ulterior motives will spin Xebec's descent as something catastrophic for this company alone, but it's all just speculation, nobody here knows anything more than anyone else here, they don't have inside information. This moves up fast on no news as we saw it spike from 71 cents to $1.01 over 3 days, and it also gives up all those gains and descends on no news. Don't read too much into it, it's the market being the market, and Xebec is following the trend of its peers and the broader market.

I suspect the reason why XBC's share price moves up and down so fast on big volume and no news is because it's become a playground for speculators and short-sellers given its past mis-steps and current issues.

Not sure how much Goodwill XBC had written down to date, but their Financial Statements as at June 30, 2022 shows its Goodwill stood at $151M, still making it XBC's largest "asset" by far on its Balance Sheet.

Insider buying is a key smoke signal during such times, so if XBC insiders are not gobbling up large amounts of shares at large total dollar purchase amounts, that's another red flag in my view.

I look at XBC as a casino stock - place your long or short bets and cross your fingers.