Exro Technologies Inc T.EXRO

Was it capitulation after all ??

[tamaracktop]

On Thurday January 18th, after Exro had recorded what now stands as its low at $0.93, I posted this:

Post by tamaracktopon Jan 18, 2024 5:47pm

209 Views 

Post# 35834791

Could be time to start putting in stink bids

"I'd seriously consider putting in stink bids 10 or 12 cents below the previous day's close in the mornings now, during this sell-off.

Volume was way above recent averages today but didn't quite look like capitulation. 

If, for example, you put in a bid tomorrow at .85, and IF you were to get filled, you might just be lucky enough to catch the reversal day.

If you get the stock, but it doesn't reverse, you aren't going to get hurt. 

Not badly hurt anyways."


JohnnyUtah responded with this:

Comment by JohnnyUtah44on Jan 19, 2024 9:56am

132 Views 

Post# 35835657

RE:RE:RE:RE:Could be time to start putting in stink bids

... Stink bid...must be taters is back ?? Lmao....mo...maybe you need a stink broker to put the order in....must be one someplace...?????


Jboom replied with this:

Comment by jboom70on Jan 19, 2024 11:08am

63 Views 

Post# 35835886

RE:RE:RE:Could be time to start putting in stink bids

Wasn't he some broke washed up trader back at XBC? Didn't some smucks buy him shares LOL


ddgold came back with this:

Comment by ddogoldon Jan 19, 2024 7:50am

RE:RE:Could be time to start putting in stink bids

Jboom someone should ask him if he practices what he preaches


And finally, jboom added this:

jboom70on Jan 18, 2024 7:15pm

RE:Could be time to start putting in stink bids

"That's a recipe to lose money."


On Sunday the 21st, I responded to those comments:

Post by tamaracktopon Jan 21, 2024 12:52pm

178 Views 

Post# 35837959

A sound investment paractise draws ridicule

"My post was met with scorn.

Let me ask Johnny and jboom this:

" IF you had put in a bid at $.85 on Friday morning and IF you had been filled, wouldn't you feel better for having done that?"

It didn't happen, but it was a definite possibility.

A selling climax, which happens often, and could very easily have happened, would have supplied stock down to the eighties easily.

It's a fact that putting in a bid more than 10% below the previous close when the stock has been hammered such as this one is in fact not a risky practice,
it's a good one.

If there's news before the open, you just cancel the order.

Don't lose sight of the fact that I've never suggested this tactic here before.

Not at $2.50 on the way down, not at $2, not at $1.50, not even at $1.00.

I waited until after the close on Thursday after the at $.97, the lowest close since October 2022.

The stock had made a new year-low that day at $.93.

Thursday's close was the lowest close since October 2022.

This stock is particularly oversold.

Trying to get lucky with a bid 10% below the market in a stock this oversold is a far less risky proposition than many might think.

Frankly I think the timing of my suggestion on Thursday afternoon was pretty good.

Thursday's low at ninety-three cents might turn out to have been the bottom.

We'll wait and see.

The stock is cheap."



That original post of mine turns out to have been quite timely.

Prescient, practically.

That was the day the stock made its low.

The stock is up 27% since its low that day, and yet many on this board remain lugubrious, doleful, and morose.

Sentiment was as poor as I've seen it in years of watching this stock.

That day didn't look like a wave of capitulation of selling at the time, but in retrospect, at 429,000 shares the volume that day was the highest volume of the year, and the second-highest volume going all the way back to October 23rd.

Maybe it WAS capitulation after all.

The market climbs a wall of worry.

I don't own this stock presently, having been stopped out, but I'm definitely watching it closely, and remain extremely bullish.

For the time being, just one of my purely arbitrary arbitrary signals that the low is in will be greatly influenced by my personal opinion as the how the stock reacts to the next financing, and the particular terms of the financing.

I'll be lookin to re-enter.

As it stands. personally I think we've seen the low.
 

[TeamEddie]

or if this Jan 30th chat is lacklustre a new supply of sellers is created  People buying at these levels have stops also  ideally there is something but if not .74 should hold