I was looking at the chart to see if I could see a pattern. Just read an excellent analysis of a stock that ran from $1.5 to $7.63 then back to $4.94 (a 44% pullback) then ran to $14.88 then pulled back to $10.5, (same % pullback), etc.
Now XYBR's chart is a little different, because both times it has had a "run", the run has been more artificial because it was all about daytraders churning the stock 4 times over and then abandoning the stock. Now the last time XYBR had exciting news, it was also just exactly on top of "the Fall of the Fall, '97" as DTOL named it. So XYBR got caught in that through the end of the year which may have been an artificial pullback and XYBR was not yet strong enough to combat all the external market pressures.
This time, however, we have the artificial spike, with the attendant huge volume, and the expected pullback. We will undoubtedly be seeing support here (I think L2 people saying support here also), and we have a much stronger market, Greenspan has given the go ahead, etc. etc.
There are "oversold" remarks that I am seeing here and there. I am not worried. Good buying ops right here.
Charger |
