Post by
tamaracktop on Dec 18, 2022 12:15pm
Everything else aside
Personally I'm of the opinion that the shareholders of Exro have every reason to be excited going into the closing weeks of the year, and on into the next several months.
It should be obvious to everyone here that , given the recent volumes and stock-price action, the market is undergoing a paradigm-shift in it's appraisal of Exro's prospects and its future cash flows.
Certainly volumes have contracted somewhat very recently, but this is to be expected during consolidation after a very big move, and particularly at this time of year.
Nevertheless, the 50-day average volume sits at 271,000 shares today, and the 30-day average is at
336,000. ..Volumes are still actually increasing. Unusual for December.
This stock has held up incredibly well after a quick triple.
Is it a candidate for tax-loss-selling?
Absolutely not. The volumes we're seeing lately are coincident with the stock trading from weak hands to strong hands.
the volumes and block-trading activity are sure signs of institutional activity, and the price action tells us the institutions aren't getting involved to sell this stock.
Exro may well actually benefit from tax-loss-selling, as people roll from underperforming stocks into better ones.
I can think of many stocks that would be good candidates for such a switch.
Look at Pyrogenesis for example.
Both it and Exro closed at $1.21 the first time I ever mentioned Exro on that board on
November 7th.
Where are they now?
Comment by
tamaracktop on Dec 18, 2022 9:46pm
Uhmm. .. What?? ....What are you talking about? I "lectured" you?? . Please quote me, if you don't mind, before spewing about me being a hypocrite. I don't recall "lecturing" anyone about anything. Please.. quote me. Make me eat my words. Go right ahead
Comment by
tamaracktop on Dec 18, 2022 9:50pm
This post has been removed in accordance with Community Policy
Comment by
Yojurr on Dec 19, 2022 6:45am
Well said. Tamaracktop can't keep his mouth shut. He's a try hard looking for constant attention.