FormerXBC Inc XEBEQ

No support to stop this down trend

[letap17022012]

This has been constantly going south even with such good news last week. Dont understand

[bmbruce]

as mentioned earlier the sector is down significantly, BLDP down over 5%, PLUG 6%, FCEL 8.5%...it's a correction that was expected ...these companies share prices were in a bubble ..unfortunately XBC has been caught in the downdraft...don't think that it's much to do with the change in management..

[retiredcf]

You're likely correct bmbruce but note that there is one company in the sector that is swimming against the negative tide - GRN. Mind you, that's probably because like XBC before it, GRN is now being uplisted to the TSX. GLTA

[bmbruce]

Yes indeed, Retiredcf, our GRN has done well the past couple of days..the hydrogen stocks had gone parabolic over the past few months and accordingly a correction was in order.. it'll take a little bit of time for the transformation into hydrogen power to be significant enough to justify the valuations of some of these companies.. it's definitely happening so patience is the keyword at

[letap17022012]

I hope so as I though Fuel Cell order would lift this up but have not seen any resistance.You are right it is all the sector as I see HEO has been pulled back also

[letap17022012]

I am sure all those selling this cheap will run to fillup their orders when they know about hydrogen fuel cell to replace EV and Gas powered vehicule. It is just one step in the direction for that spark to ignite Hydrogen fuel market.

[ferret_ca]

looks like it broke what support it had ( at least for now)  next support level look like  maybe 8 and change, not saying this will happen as I don't have a crystal ball, lol, this is just from a technical perspective. The other negative I have been seeing is a few articles on the cost and practicality of green hydrogen as a main stream form of power generation. technology should

[Ciao]

A lot of XBC bulls remain perplexed on the relative valuations between XBC and BLDP. Hydrogen stocks in a bubble? BLDP was up 50% YTD whereas XBC was only up 8% YTD as of last Friday. That gap increased today.

[ferret_ca]

another possible reason for todays big dip could be Rao selling his shares, some big volume, if it is there should be a quick bounce back, I would love to see an interview with him right now on his thoughts on xbc going forward. cheers ferret

[SNgu8000]

I love the ideal Raohu go to GRN BUT , but ONLY STAY UNTIL GRN =$10 . Lot of XBC'ers jump .