GREY:XEBEQ - Post by User
Post by
tamaracktopon Sep 19, 2022 12:46pm
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Post# 34971445
I'll go on the record with this one from last Saturday
I'll go on the record with this one from last Saturdaytamaracktop
Sentiment is very much influenced by timing.
Xebec traded at 57 cents on August 12th, but the mood on this board that day was somewhat more noticeably optimistic compared to now.
One might argue it was rightfully so, because Xebec traded over $1.00 just nine sessions later, on August 25th.
August the 12th was a Friday, just like yesterday was Friday, but the major difference that day was that Xebec shares reversed on August 12th, and went from the low trade at $0.57 to close at $0.69 on 3.04 million shares.
Nine days later it traded hands at $1.00, up 75% from its very recent low.
Many here, including myself, were absolutely convinced that the low was in.
It very obviously wasn't, yet despite the stock having only retreated back to where it traded a month ago, the mood is far worse now than it was then.
It's all about the timing.
If you recall August 12th, as I do, the stock made its low at .57 later in the morning, at around 10:45, and then recovered to close up 15% at .69 on 3.04 million shares, on a bout of late buying.
The only difference yesterday was that it didn't recover.
It didn't have time to.
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