Post by
tamaracktop on Jun 21, 2022 2:55pm
If you're disappointed, don't be
If you are disappointed and feel like you aren't participating in this rally, you're being impatient.
Xebec is consolidating around 90 cents after a 25% rally off its low in 3 days last week.
By comparison, Greenlane is up 14% off its low, and hasn't consolidated at all.
I know it sounds stupid to talk percentages with penny stocks, but many traders are quite happy with a quick 20%+.
Xebec is just preparing for another upleg.
First it needs some volume to get these traders out of the way and penetrate resistance from here
to $1.00.
There's quite a bit of it.
Volume is key and we haven't seen any today, yet.
The stock needs volume, and lots of it.
If the market doesn't sell off, today might end up more enjoyable than it is right now.
.91 on 290,000 shares.
Comment by
bcsc on Jun 22, 2022 3:53pm
You don't think that the TD analyst might be a bit gun shy after their $17.00 XBC target not too long ago didn't quite come to pass? I am surprised that someone of your experience would lend any creedence to analyst's targets in the first place.
Comment by
tamaracktop on Jun 23, 2022 10:17am
That was 2 days ago The stock has already traded more this morning than it had yesterday at 3:30 pm Back to .91 but there's plenty of day left. Meanwhile Greenlane is acting poorly and is now only 3 cents from its low ( 4.5% ), which doesn't help much. It's Greenlane that looks like it's going to do a financing, not Xebec