Talking it down based on it's performance... what's wrong with that? It's a dog that needs a good kick. You want a forum full of circle jerks and buttslaps?
...and why wouldn't I realize 10% loss at the top of the price channel when I see the chances of it breaking above are low, use that capital elsewhere, then (possibly) re-enter at the bottom - or even below support (which seems to be where it's heading) to catch the next rise? Averaging down into a dog is a fools game.
I waited 6 months for this to get back to CR price and it's continued to fail. If an "oversubscribed" placement dumps 25% days after completion, that is a HUGE red flag right there.... Not once has it returned to 69c, even now after the XTClave is apparently finally operational (which is the only reason I continued to hold).
Half yearly: Revenue down 23% and losses up 55% - during a time of unprecedented civil unrest which should have been a tailwind, news flow stagnant and content of past ann. highly questionable, company prioritizes free shares to employees on top of the already outrageous top heavy salaries being paid to BOD for a 35M smallcap. Profitability was close when I bought in, now it's not.
This isn't going back to the 69c CR price anytime soon, short of a miracle deal. So these are my reasonable deductions to conclude this is a dog, the market obviously agrees.... ... and trading today suggests it's heading lower...
But hey, according to you they post "impressive" info on linkedin... if you want to refute any of my points feel free, if you can justify this isn't a dog then go ahead but to simply label me as white noise doesn't make anything I write here wrong.
XTE Price at posting:
53.5¢ Sentiment: Sell Disclosure: Not Held
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