Post by
tamaracktop on Jan 01, 2021 12:33pm
We'll blow past that in the first three months.
Funny that Newcoin should say that. Very coincidental.
Today is the 3 month anniversary of TD's first report on Xebec. Lying in bed this morning, it occurred to me how "symmetrical" their targets are. The first report came out when Xebec was at $4.18, and had a target of $6.50. The second report came out when Xebec was $7.95, and had a target of $12.50.
Rounding off, the implied ROI in the first report suggests a 56% return. The second report suggests 57%. What a fluke. If they keep this up, they'll have another report in about 3 months, after Inmatec has closed, with a target somewhere in the very low 20's, 55% higher than whatever the stock is trading at then.
I expect that level wil be higher than their $12.50 target for a number of reasons. I might cite "the January effect", the uplisting, the closure of Inmatec, acquisition news, forthcoming 4th quarter and year-end results, to name a few. Things we all know about. But here are other forces at work as well.
The technical picture can't be overestimated either. Momentum is undeniable, and for the immediate term anyway, seems to be accelerating. Xebec is flashing green lights and sounding sirens in many financial quarters these days. I've been talking alot about going "vertical" lately. Look at the chart. That's exactly what its doing. Moves like this are hard to call, and are often surprising in their amplitude.
For the immediate future, the prognosis, to my mind, is more of the same. I've always said here that the fastest double in the market is from $5 to $10. If we do hit ten this week, which seems likely, it will have been 3 months and a few days. The first time the stock closed above $5 was October 5th.
Whether or not we close above $10 remains to be seen. The biggest impediment is that everyone expects it.
Xebec has a number of things going for it next week. One of those things is thing that now that the stock closed at all time highs at $9, $10 becomes a magnet.
Another thing that seems oddly fortuitous, and that may affect the market next week is the fact that trading was halted in the US on Thursday. Few things attract more attention than a trading stoppage because of an order imbalance on a stock making new highs. I
It becomes an even greater reason for optimism that this has happened right before the move to the TSE. Add to Xebec's improving visibility in the US the fact that the TSE listing will make it far easier to Americans to buy Xebec, much like it is for us to buy a stock on the Nasdaq as opposed to one on the Pink Sheets.
Americans are big momentum players. FuelCell and Plug are perfect examples. Plug closed at $33.91 yesterday, and its year high is $37.51. Many people don't realize that Plug's year low is $2.53. Plug is still years from profitability. If you think Xebec is stretched here, it isn't.
Comment by
robert41 on Jan 01, 2021 12:57pm
Well said TT... my beef for along time is lack of investment from the US side our up listing to TSX as you say should change that and we see greater volume from them. XBC's path looks clear to me. All we need is for the market to remain stable and no big surprises out of left field from the market