Exro Technologies Inc T.EXRO

Institutional Money

[Viking2233]

Institutional money flowing in here flushing out weak retail hands. Most of the funds from last bought deal came from Institutional money. 

I think shakeout is close to being done and $2 will be tge floor and heavy resistance and $3

[u30822]

Lets hope you are right!

[tamaracktop]

You could be right. Personally, I remain very confident longer term, but the only thing that could restore my immediate near-term optimism would be a significant upside reversal today.  The volume is certainly there. A close closer to issue price on several hundred thousand would do it , however unlikely that may seem.  I'll freely admit I didn't think the stock would weaken

[TeamEddie]

are you actually saying you are suprised a sp is dropping after a financing

[tamaracktop]

Stocks don't always drop for so many sessions and so far below the issue price . That's particularly true when the issue is sold out and when the underwriters exercise their entire over-allotment option. 

[TeamEddie]

yes they do 99% of the time as they use them to short  find 5 that did not 

[tamaracktop]

Ha!  I don't have to look far. Xebec did 3vfinancings between $1 and $6 on its way to $11 and never even once traded at or below the announced issue price. 

[TeamEddie]

I said 5 not the anomaly you have been doing this too long to be that ignorant of this fact 

[Flyer47]

If this thing gets to $3.00, I going to bail like a lot of other shareholders!