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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > You'd have to be off your rocker
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Post by tamaracktop on Mar 02, 2021 10:14am

You'd have to be off your rocker

You'd have to be off-your-rocker to sell this stock this morning, as opposed to risking a bit and selling it towards the close, if at all. 
   The low on February 23rd was $7.61. The stock traded as high as $8.81 the next day. Today's low, so far, is $7.69.
    It's too early to tell, and I don't want to jinx this, but any probing of the $7.61 low, followed by a firming in the stock price, or any decent rally from here, would certainly qualify as a successful retest of last week's low, one of the conditions I've previously suggested as a possible signal the stock has put in a meaningful bottom.
    A successful retest here would be a solid foundation for renewed and sustainable strength.
Comment by newcoin on Mar 02, 2021 10:30am
I think we're probing right now!
Comment by savyinvestor333 on Mar 02, 2021 10:31am
I hope it doesn't hurt!
Comment by newcoin on Mar 02, 2021 11:04am
As a matter of fact, the probe has gone too far!
Comment by Arbourmark on Mar 02, 2021 11:10am
VWAP is $7.698, so even with it hitting below $7.60 the bulk of buying was much higher. I agree with TT let's see where it goes in the power hour from 3-4pm.
Comment by ZouZS3 on Mar 02, 2021 11:51am
Thanks TT bought back all my shares and more
Comment by Resilience19 on Mar 02, 2021 12:42pm
Be careful with your out-of-registered-accounts capitals gains. Also, any stock sold at loss but bought back within 30 days will not contribute to reducing your capital gains. Just a word of caution.
Comment by ZouZS3 on Mar 02, 2021 10:34pm
Thanks Resilience19 you've been helpful with your advice...I appreciate it. Teamwork make dreamwork
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