Exro Technologies Inc T.EXRO

Get with the Program! Or don't

[tamaracktop]

This board is remarkably unenthusiastic, given what's been going on with the stock.

Everyone here is either blind, incredibly lackadaisical, or on holidays.

This is actually a good thing.

Nobody believes this move.

The market is climbing the proverbial "wall of worry".

Does everyone realize that Friday's close (at the day high on a late spurt) was the highest close since January 21st, 2022?

You read that right. It was the highest close in almost a year.

And this came in a year that saw the markets turn in their worst performance in 14 years.

Consider these beauties:

(1) the stock made its recent high at $2.24 on November 28th. It closed at $1.97 that day. That was about as good a signal of a correction coming as you'll ever see.

(2) the correction ( or "the pain we've endured for 3 weeks" as one poster put ii ) was entirely well deserved, and to be expected. The stock had tripled in two months off its low at $0.73 on September 20th.

(3) The "year-high" you see on you quote screen at $3.10 was on January 5th last year.
One year ago this coming Thursday... So what you say??... Here's the rub: the stock was in a hard-down a year ago, as were many others. Now it's just made a new high since last January 21st.

The stock is in a hard-up/hard-on, and seems very likely to make a new year-high in the next couple of weeks, if not sooner.

Because of the stock's sharply lower pricing from one day to the next last January, the trailing "year-high" showing on your quote screen will start dropping fast during the coming week of January 16th.

The stock went from $2.73 to $1.51 in 10 days last year between January 17th and January 27th.

Exro is about to make a new 52-week high.

How many stocks do you know of that are likely to do that?

When it does, algorithms programmed to identify both unusual trading activity as well as new 52-week highs will light up like Christmas trees.

Here's my personal take, in a nutshell.

The correction is over.

It's an amazing coincidence that it lasted very close to exactly one month, to-the-day.

In my opinion, many retail investors don't know when to average up, or down for that matter.

I'm sure some people here did just that in November, when the stock was taking out new highs at $1.50 and $1.80 and $2.00.

You won't find many professionals and institutions doing that.

They'll wait patiently until a time when the stock has turned higher once again after correcting.

A time like now.

There are stocks that are truly outstanding in that they do remarkably well in so-so markets.

In my opinion this one is all-systems-go

If it can move from $0.73 to $2.24 in two months virtually non stop, it's anybody's guess where it can go from here off it's low at $1.65 on December 20th.

In my opinion.

I've just recounted what I've heard by "listening" to the market.

[robert41]

Or have been a shareholder long enough that the noise on this board as with so many is just noise and have grown tired of it and choose to sit in the shadows...I do like your enthusiasm :) Happy New Year.

[tamaracktop]

January 2nd. $2.10: That didn't take long. Technically, the next short-term target is $2.55, minimum. 

[tamaracktop]

2nd biggest % gainer in Toronto at this point in the day. Behind Pyrogenesis.  Lol

[PennyStockApp]

I have them both. Good morning for me....

[NoRetire]

Have both too.  Feel safer with Exro