FormerXBC Inc XEBEQ

Stretched

[tamaracktop]

Everyone here knows that stocks get stretched in both directions.

They always have and always will, but you don't know for sure they've been stretched until after the fact.

When Xebec hit $11.55 in January 2021, it was obviously stretched to the upside, but nobody knew it at the time.

There are no limits to how high the market can take a stock to the upside, despite its fundamentals.

TD raising their target to $17.50 less than 2 weeks before Xebec hit its high is a case in point.
The dot.com bubble was a case in point.
More money was lost when that bubble burst than would have been lost if one out of every three homes in the United States at the time had burned to the ground without insurance.

There is, however, a limit that stocks of viable companies can get stretched to the downside.

When Xebec hit $1.37 it was ridiculous.
It was trading at a fraction of book value, and while I was pounding the table, the likes of ferret and Filoux were calling me a POS and a Looser ( ha! )
In fact, ferret did as much the very day Xebec hit its low.

My point isn't so much to bring up ferret and Filoux's misguided criticism, but rather to point out how stretched to the downside the stock was.

An extension of that argument is that even after gaining 66% off its low in six weeks, Xebec isn't stretched.
It isn't stretched at all.

At $2.25 now, Xebec is trading at only a very slight premium to book value.

Newsflash: Xebec is a "Going Concern".

Actually, it's a Growing Concern.

It's a growing concern who's stock was hammered down to levels that were plain borderline crazy.

The market has recognized the folly of what had happened and is correcting it fast.

The pendulum is swinging the other way, but at this price, the pendulum is still far from its pinnacle, before it starts swinging back the other way.

The rally isn't tiring, in fact it's accelerating.

The stock isn't stretched here by any means, but the velocity and mass of this rally indicate that it's definitely to get stretched, to the upside and in short order.

I have no idea what level it will get stretched to, but I know for sure I'll know it in hindsight.

[filoux004]

Wow you are the spin Master of all times, I will give you that you are one Tenacious gentleman. But if your definition of stretched is 11.55 to 1. 37, well we definetly don't read from the same dictionary. Long XBC ACB 2.01 Peace

[strangiato]

Dead money....Go Habs Go!!!

[babedinkleman]

This post has been removed in accordance with Community Policy

[babedinkleman]

This post has been removed in accordance with Community Policy

[tamaracktop]

It's important not to get carried away here, although this rally has certainly brought relief from the drudgery of the last 14 months. The tone of this board has done a U-turn, but it's important to accept that this isn't going to be the norm. 4 days ago I wrote "Everyone seems to think that a pullback or further weakness is a given, but the market has a tendency not to

[filoux004]

Question for TT is there a chance that the MOU doesn't convert to a firm contract? Peace

[Gann999]

question for you is there any chance you get kicked in the nuts anytime soon cause I would love to witness it if so.

[ZouZS3]

yes there is a chance...https://www.opb.org/article/2022/04/03/carbon-pipelines-climate-change-midwest/

[filoux004]

Ouch that would hurt....but maybe I'm like Chris Rock.. Peace

[HonestAl]

Pathetic response. TT was asked a question and this is your response.  Sad. ---------------------------- Gann999 (1129)   RE:RE:RE:Stretched question for you is there any chance you get kicked in the nuts anytime soon cause I would love to witness it if so.

[Kronyboy]

You're only speaking for yourself there. And it's fouxfoux's problem if his bad-faith question is poo-pooed on by reasonable people.  Thanks for the dance, try again next time. 

[filoux004]

Hey Kroneburg you do realize a MOU is not a firm order. Ps it's a good beer my call 2.42

[Kronyboy]

I'm not sure I care at all what you have to say, since in the last 2 business days you've asked what an MOU is twice. One of those times, I provided the definition for you. Not even sure how you can spin that positive, but go ahead and make my day mon petite mierde.   

[filoux004]

Wow ..Proper spelling for your education is merde... Real class.my call 2.42 Peace

[Ottery]

I would not even dignify that clown with a response. 

[filoux004]

Being labelled a clown to me is a compliment...I make people happy Peace

[Kronyboy]

Evoking contempt from every individual you speak with is not exactly my idea of making people happy, but good luck to you fouxfoux.   

[savyinvestor333]

I wonder if the owners of the 10 million shares traded in the last week know that. I think so.