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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 > I have a different take on it
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Post by tamaracktop on Dec 28, 2023 4:07pm

I have a different take on it

Yesterday was the last day for tax-loss selling in Canada. 

It was the last day to trade stocks and have the trades settle in the 2023 calendar year.

What you're seeing today is short covering.

By holding off until today to cover their positions, the shorts have deferred having to pay taxes on their gains until 16 months from now
Comment by Swindlesheets on Dec 28, 2023 4:21pm
All of it?
Comment by QuantumTime on Dec 28, 2023 5:11pm
Good point TT but probably only part of it because as you know the prospect of imminent news and the stars finally all gradually aligning for this company also drives a short squeeze.  Shorts here are IMO going to be worked over either way.
Comment by Flyer47 on Dec 28, 2023 6:04pm
I think there is sme buying going on as some think the end of year selling has bottomed out.
Comment by Rokas92 on Dec 28, 2023 4:25pm
Agree.
Comment by uggg on Dec 28, 2023 4:28pm
Good call.
Comment by Swindlesheets on Dec 28, 2023 4:37pm
Do you expect short selling to begin anew tomarrow?
Comment by Pandora on Dec 28, 2023 5:03pm
So is SEA electric actually a major competitor to Exro?
Comment by Judith1958 on Dec 28, 2023 5:46pm
RE: Pandora's questioon of 12/28/2023  5:03.47PM So is SEA Electric actually a major competitor to EXRO? This question makes no sense: WHY? 1rst)  In February 2021 SEA Electric & Exro strenghten partnership with strategy investment. By investing USD 5 Million Exro became a new shareholder of SEA. They are certainly to compete another! In Exro provides Operational Update in ...more  
Comment by Pandora on Dec 28, 2023 6:55pm
I would appreciate if you can find one mention in 2022 or 2023 on the Sea Electric website that mentions the use of Exro components. It is all about SEA products, including their converter. It all loks very similar to Exro but at the same time there are slight differences. The Hino trucks and the Mack trucks supposedly are at production stage but no mention of a collaboration with Exro. If you ...more  
Comment by sorrenson on Dec 28, 2023 7:10pm
I think you will find that this is the future of EXRO.   Supplying the system under private labels for some and out and out licensing the tech to others.  It makes no sense for  vehicle makers to disclose who makes their components.  Can you imagine if every carmaker in the world used small block chevys?   I woiuld not be surprised to have the whole sea-power ...more  
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