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Bullboard - Stock Discussion Forum Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > Most people can't remember trading histories in their heads
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Post by tamaracktop on Dec 02, 2023 12:00pm

Most people can't remember trading histories in their heads

What u30 posted about the stock's trading yesterday is very true, to an extent.

There were very few sellers, but there were very few buyers as well.

The stock's price action for the better part of the day could best be described as "meandering higher".

Moving higher on low volume, and with no conviction.

We've seen that many many times recently, only to see it fade back.

I've never once even hinted that having been a broker for 30 years gives me the power to foresee the future, as one poster here suggested.

Never even hinted that. I'm not preposterously arrogant.

I only gave a very brief personal detail that I thought might be pertinent on a chat line discussing stocks.

I've made more than my share of mistakes. Much more than most here, and some very big ones.

I'll invite yoiu all to look at the one-day chart.

You'll see the stock flatlining at $1.40 up until 3:10 pm, when volume suddenly surges and the stock makes a sharp move higher, trading as high as up to $1.51 ( at $1.51 it was up 13.5% on the day ).

Forget the close, someone sold 1600 shares at the bid. That's immaterial.

I'm not afraid at all of sticking my neck out and stating my unambiguous opinion about stocks that I follow, I did it for a living, rightly or wrongly.

I think the stock is grossly oversold, I think yesterday was significant and signalled an imminent move much higher, and I'm very very glad I didn't get stopped out.

I'm looking forward to next week, and months.
Comment by TeamEddie on Dec 02, 2023 12:16pm
with all due respect, Munro made a statement about a company that sounded like EXRO and as anyone who looked at L2 could see there was not much on the ask (or bid really) and as you know if there is nothing on the bid and supply comes in it drops fast - concerns about a financing created a lack of demand it fell and then a positive comment be an expert high demand on low supply it rose  - no ...more  
Comment by Moemoney42 on Dec 02, 2023 4:29pm
Sounds like a premature call to me.. LOL..!  Hey, when you gonna make a call that's worth something.. like my buy call on Friday stating the risk/reward is now worth the time to take a position..?  That's how you buy low and sell high.. that is if you can understand movement in an equity and when to act.. volume isn't what I'd be relying on to make a buy/sell decision ...more