Post by
tamaracktop on Oct 06, 2022 12:47pm
My biggest Concern, if I were you..
My biggest concern would be the volume
This stock is taking out old lows on above-avrage volume
Daily volume in the last 5 days has averaged 253,000 shares versus the 30-day average of 162,000
Given that it's been almost 2 1/2 years since the stock traded here, technically it's difficult to see support anywhere.
Many here have correctly pointed out that I was very bullish on Xebec.
I was, and I was wrong to be. Xebec's revenues went from $14.7 million to $124 million in 4 years.
Now the company is in major trouble.
Management dropped the ball, to be underservedly kind.
Let it be a lesson to you.
Anything can happen in the stock market, and I've been 100% wrong more than once before.
I hope I'm wrong about this one for your sake, but a market cap of $270 million for a company with very little cash, a return on equity of negative ninety-five percent, and that's trading at 9 times book value seems a bit rich to me.
Comment by
Oilminerdeluxe on Oct 06, 2022 1:20pm
Stay away then. You have said your banter, so there is absolutely no need to post here anymore. If PYR goes as bankrupt as your XBC and your reputation, then you are more than welcome to come back and post your angst again.
Comment by
tamaracktop on Oct 07, 2022 2:46pm
Gaining a cent on a 500-share trade and then losing a cent on a 5000-share trade isn't a recipe for anything that tastes good. Where did thinkbig go?