Post by
marketwatch9 on Jan 05, 2022 1:20pm
What are the problems?
With the decline of the stock every day it starts to look like a company that has serious problems.
Comment by
robert41 on Jan 05, 2022 1:28pm
No one knows! Goldman may know and is slowly grinding it out with out completely crushing it. Or they just want to move on to greener pastures they have sold over 1.5 million shares in the last 30 days
Comment by
tinkvid on Jan 05, 2022 1:40pm
Disapointing to see Goldman selling. They had acquired 2.5 million shares up to 3.50 when last tracked....Is this short covering? I thought all Hygear partners having positive developments surely would have been good for Xebec. There were alot of shorts before December so hope this is the covering. Time will tell.
Comment by
marketwatch9 on Jan 05, 2022 1:46pm
Short covering with the stock going down? I'm not sure what you are talking about.
Comment by
VicesVertus2222 on Jan 05, 2022 1:51pm
Maybe (s)he meant shorts are happy to take a profit here and buying to cover assuming they see a floor at these levels.
Comment by
VicesVertus2222 on Jan 05, 2022 1:55pm
Say shorting at 2.35, buying back at 2.20 is a 6 or so percent return in a few hours. Not bad.
Comment by
Hesiod07 on Jan 05, 2022 2:29pm
Seems the algos were targeting 5% per day. Now it seems they want 6-7%.
Comment by
filoux004 on Jan 05, 2022 2:59pm
What or who is an algo? Are they some sort of investor?
Comment by
tinkvid on Jan 05, 2022 3:15pm
Yes...That is what I am thinking.
Comment by
marketwatch9 on Jan 05, 2022 3:24pm
There is a problem with this. If shorts covering at low prices like you said, the stock would not fall like that, it's a continuous fall.