Emile ,
I'd be very surprised if Xico retreated to the $6-8 level without a general NAZ meltdown or bad co. news . The fall-back has been on extremely light volume , and the rise to $13+ was on double aver. daily vol. . I see a possible retreat on lite vol. to @$10 if there is panic selling on Mon. & Tues. and then a slow rise back to the $12+ level prior to earnings release. I have seen gaps filled months and years after they form , but again, I'm looking at the same tea leaves you're looking at . Waiting for a gap to fill is an unreliable strategy in my opinion .It often looks easier than it turns out to
be.Better to rely on the fundamentals , which at this time look very good .Xico is being whipsawed at this point by market uncertainty , semi uncertainty, interest rate uncertainty, btb uncertainty , and investor jitters and poss. sous activity. The main body of the stock appears to be in very strong hands , and is being manipulated only at the margins on very small vol.
For what it's worth......
Regards,
John |
