Post by
tamaracktop on Oct 15, 2021 12:52pm
Xebec is fumbling and bumbling and stumbling about here
Even though it's up 8% from Wednesday's low, it's meaningless.
It's what I used to call "random walk" when trying to explain the day-to-day vagaries of the market to clients.
It's not very convincing, at all.
We need a 20% up-day to raise eyebrows.
To attract attention and stir the interest of momentum players.
Meanwhile copper continues% its steady climb.
Up 3% earlier today( 15 cents/lb), it came within 10 cents of the highest it's ever been in the history of history.
Do yourselves a favor.
Look into USCU
It's at 14 cents down from 36, and they have 1.3 billion pounds of copper indicated and a further 1` billion pounds inferred on their property.
It's in California, of all places.
At 14 cents the company is valued at $20 million.
The reason I'm talking about copper is very simple.
The push towards renewable energy is dead in the water without newly-mined copper.
Recycled copper can't be used for electrical wiring.
There is 25 grand worth of copper in every wind turbine.
The average electric vehicle requires 183 pounds of copper.
The world isn't producing copper as fast as it's consuming it.
Strictly for funny-money, but it could be alot of fun.
Comment by
jakethesnake2 on Oct 15, 2021 2:09pm
TT Didn't they suspend drilling due to forest fires in California? Are they up and running again? Regards Jack
Comment by
tamaracktop on Oct 16, 2021 1:37am
sorry, that should have read one billion pounds of copper. I'll double-check in the morning. a bit tired.
Comment by
tamaracktop on Nov 02, 2021 1:19pm
From October 15th, at $2.68 Xebec is acting extremely well over lunchtime. It's far from impossible that we'll see a 50 cent + move today.
Comment by
tamaracktop on Nov 02, 2021 1:43pm
Some may find that far-fetched but there's tons of time left. In fact, Xebec will jam more than an average day's volume into the next 2 hours and twenty minutes. There's a whole day's trading left to go today, and the momentum is pretty obvious. $3.51 on 964,000 shares at 1:43