Post by
tamaracktop on Dec 23, 2020 12:43pm
I'll try again
This time I have more confidence than ever. The possibility of a melt-up is high.
The close will be a monster, for 2 primary reasons, and a number of lesser ones.
The first primary reason is that the stock is going to make a new all time closing high. That's a given, and there's no way I can jinx that. Technically this is very significant, as $10 becomes a magnet. Supply is very thin, and there's a huge pool of money below the surface watching this. It reminds me of the theme song from Jaws.
The second reason is that news on the banking front is imminent, as in probably tomorrow, and the market knows it. Kurt said the new credit facility will be finalized " by the end of the month". Kurt always delivers.
When the deal is announced, it will be news that a major Canadian bank has extended a $50 million credit facility to Xebec, which is a huge endorsement. It's very likely down to either, TD or National Bank, as they are the only banks that cover Xebec. It's a tough call, with Levitt being on Xebec's board, and with National Bank being Quebec based.
Either way, the market will like it.
Comment by
Newtrader1982 on Dec 23, 2020 12:47pm
you literally say this everyday about the close one of these days you will be right lol
Comment by
tamaracktop on Dec 23, 2020 1:03pm
That may be so, but this time I'll be 100% right.
Comment by
Trader29 on Dec 23, 2020 1:52pm
What do you see it closing at? 8.15?
Comment by
tamaracktop on Dec 23, 2020 2:06pm
No idea at all, but I liked that little sell-off down to $7.77. It came on zero volume and didn't generate any selling at all. It's trading perfectly.
Comment by
tamaracktop on Dec 23, 2020 2:11pm
If we get the close I'm thinking of, and have been talking about and wrong about all these years, it will be higher than that.