FormerXBC Inc XEBEQ

And now comes the lunchtime lull

[tamaracktop]

If it holds here in the mid-to hi 90's or the next couple of hours, the chances of a close above $1.00 are excellent.

Technically that would be perfect.

The volume today has already well exceeded yesterday's, and the stock would be making a 3-month high.

The stock has absolutely destroyed the 21 and 50-day moving averages at $0.749 and 0$.792 respectively, and suddenly the 200-day M/A at $1.708 becomes a potential reality within mere months.

This stock hasn't traded above the 200 day M/A since... you guessed it.... March 12th 2021, that terrible day when Xebec announced that they didn't expect to meet earlier guidance.

It's been 17 months in the doghouse.

Close to the average duration of a bear market, and coincidently exactly the length of time it took Amazon to drop from $5.33 to 43 cents in the example of what the markets can do that I mentioned yesterday.

Remember my comments yesterday:

"With the stock trading at less than half of book value, and with a trailing CAGR of 69.9% this will attract both value and growth players.

The stock has just crushed both its 30 and 50-day moving
averages.
 

And with the volume today and the stock up 45% off the very recent low, it's certain to attract momentum players as well.
 

As well, there are doubtless many shareholders out there thinking to average down."

This appears to be happening, and it can feed on itself.

Nobody believes it.

This stock is dirt-cheap anyway. 
 

[Gann999]

It was really dirt cheap at 58 cents still cheap now but a much more logical valuation at this point. I don't see it closing above 1 today I think the opposite actually it will probably close around 91 to 93 cents. Going to ve a long road back to where we all or at least most of us feel is a fair valuation around 4 or 5 dollars a share. Good progress here for sure though.