FormerXBC Inc XEBEQ

Closing Observations, other than the obvious

[tamaracktop]

Xebec closed today up 50% from the close a month ago today. Actually I took the liberty to average up from 49%, which in turn is averaging up from the precise number which is 48.849%.

   If Xebec was in the TSX Composite, it would have been the 10th largest percentage gainer today.

  There doesn't seem to be speculative excess , or over-exuberance, as volumes are normal .

   If people attribute today's gain to the TD target revision, they are overlooking the continued effect of the uplisting, which is unquestionably adding to strength, and has yet to run its course.

    There was defintely some rotation from of funds from Ballard into Xebec, which hasn't run it's course either. Such rotation doesn't happen in one day.

    Support levels are rising. Wherever the stock finds support in the inevitable event of a correction,  and I have no idea where that is, that level will be 2 or 3 points above whatever the level was a few weeks ago. This is a fact, and will very likely to be characteristic of a sequence of successive higher support levels going forward.

    The scenario I described in a post on NewYear's day appears to be developing, and remains intact. Xebec had closed at $9.00. I'll quote myself from that post here:

       " It is quite possible, in my opinion, that Xebec could hit TD's target this month. A melt-up is a very real possibility."

   There is one main reason for me to remain of the mind that lightening up in late January or early February will probably be advisable, as I have told my personal friends here. Market breadth is deteriorating, and I'm watching it.
   The Composite was up today, but again the breadth was negative. Decliners outnumbered advancing issues by 145 to 74.
   I will be advising the people I council to lighten up within the next month or so. Many of them are extremely over-weight .That was a joke.  I have no idea what price the stock will be at, but it won't be lower than it is today.

   Xebec will remain a core holding for them all forever, If I can help it.
       
      

   

       

[newcoin]

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