Post by
kidl2 on Oct 13, 2023 3:31pm
Range Bound
There are clearly algos in place to keep the SP in the mid 70’s which to me means one of two things:
Either there is a financing already in place or in the final negotiation stage OR some Houses are convinced that a financing will be forthcoming in the near future.
Why else would a few Houses keep flipping shares on a zero profit basis?
Comment by
TheGesharoo on Oct 13, 2023 4:04pm
The volume has been very low, I wouldn't read too much into this range bound / algo theory with all due respect. I myself have been slowly accumulating over last couple weeks, and account for maybe 10% of the volume. Just buying slowly. Nice to see the tight hands on this stock now. Next week should be fun, good luck everyone. g
Comment by
Yajne on Oct 15, 2023 9:25pm
Agreed Gesh... next week we should see PE reveal the many cards that he has held closely to his chest. Will he issue an NR or two prior to YE/Q4 results on Thursday or will he continue to go 'stealth' right up to the results NR? Guess we don't have long to wait now. Should be a fun week for X1 longs
Comment by
Davinator on Oct 16, 2023 7:30am
Yajne you got a quick answer to your question!
Comment by
Baxbax on Oct 16, 2023 8:08am
Haha spot on Yajne. Didnt have to wait for too long. Massive.