Post by
ronster65 on Jan 03, 2021 9:58am
Confirmation Bias
As a holder of both XBC and GRN as do many, I would offer as my personal insight as a trader who has been at this game since 97 that when it comes projecting where stocks will go is soley based on our own confirmation bias once stock is bought and held. It is very common for those who hold a specific stock to suddenly defend the stock when there is a pull back. What has been driving this stock are several factors; the erie similarity between XBC and GRN, Fear of missing out (FOMO) and the recent contracts that have been signed and the back order. If Democrates actually pull off winning the senate, Biden gets a clear path to his green energy agenda. If Trump decides to form a third party and splits the Republican party, the Dems will win the next 2-3 elections hands down and there will be a President Harris in our future, also pro green enegy. The skies will NEVER be any more blue.
Bottom line, stocks like XBC and GRN are as many analysts have stated are in their infancy and we are very much at the very bigging of this huge growth story. Look at XBC in 2016. I read BB for this company in 2017 and they are exactly what is being said about this company.
As for Bashers and Pumpers, their agenda is obvious and self serving but offer no real information. 121 days until next financial report and if there is no other contracts signed before then, this stock may trade sideways with the future earnings already baked into currect share price.
When GRN starts talking openly about uplisting the company by hiring the right folks for that purpose as XBC did,then financial institutions and fund companies will start to position themselves for jumping in but right now they are just nibbling away.
This stock is not just another flash in the pan. There is substative reasons why these stocks will go higher as just mentioned. The X factor is what we dont know and what socioeconomic factors are at play ie: COVID-19.
A smart trader does the opposite what the sheep are doing. I was buying stock from Feb 18-March 18, 2020. It was as obvious as the Market crash in 2008.
So buy the dips on this company and sit back and enjoy the ride. You will be rewarded but it wont happen overnight.
Comment by
sumpineh on Jan 03, 2021 10:15am
Wow Thank you.I was just starting to post a similar message.You have saved me the trouble and did a much better job of it.You,retiredcf and ZouZS3 are the voices of reason on this board and the others should listen.No name calling,no bold predictions,just sound advice.Thanks again