Now that I've owned XYBR off and on over the course of the last six months, I track both the warrants and the common. Since I've never owned warrants in the past or as of this date, I didn't pay much attention to XYBRW unless someone made a comment about them on the board which would call them to my attention.
However, I did notice at one point in the prior quarter that the warrants traded as low as 1 1/16th. We may, or we may not see them trade that low again, but once they reached that point, they traded ever steadily up to the last high of the present quarter. I think we can take a bit of comfort here that the warrants have yet to trade to the 1 1/16th level, but wouldn't all be surprised to see them trade down to that point again.
To sum up, I think we're seeing pretty much the same chart pattern as we did in the prior quarter (which I believe I also stated some time ago). The common hit a low of around 2 7/8th where it immediately bounced upwards. If we see pretty much the same thing happen again, then my money is also on the expectation of the upside as well. I expect buying just before the next quarter's earning announcement (sometime in Feb. ?), and if the quarter shows improvement and or promise, a much higher stock price.
Patience will win the day with this stock, IMO. (And believe me, patience is the one thing which I have little of as a rule).
Of course it would be nice if XYBR would give us a hint or taste of what is to come.
Atb,
Mike |
