I don't think you are necessarily off base. The company is not nearly as well known as BIPH though. I looked at BIPH at 2.00 and had the urge to buy, then watched it race off without me. I already have a large position in XCHC. I've had good reports from people I know who've met with the company. That is probably not important to anyone on a message board, I understand. I'll be holding for bigger gains than a flip since when it is trading around 2.50 at any time soon, my cost basis will give a comfortable cushion to sit tight and wait for more. The risk is still there for XCHC as there will need to be continuing confirmation from the company on their drilling progress in Texas, their Cambodian connection and other projects I am certain they are pursuing. Until then, the overall market will sit on the sidelines. But it is a very low OS of about 14M with a teeny 3M or so float. And most, if not all of it, has been absorbed by longs buying for the past few months. That means from a trading perspective, there is potential dynamite in XCHC as it has held its 3 month appreciation very well against general market conditions and today represented one of the best buying dips in recent times. I can't sell a bill of goods and say there is any guarantee, but I'm satisfied the company is doing good things and they have to report on their Texas Woodbine drilling tests really soon. They're keeping shareholders informed without being too hyped. There has been a stock internet radio program that pushed them so that is the closest thing to pumping I've seen thus far, but that same announced picked TIV last year and that had a massive run (even if they do so as a paid service). I think XCHC might turn out to be better as they say and the company does not look like it will saddle itself with debt or need to dilute the stock as they should have positive cash flow ramping up. The upside for XCHC long term is very big while the downside is still there as there is still maybe 3 months more before it goes from a speculative pick to a portfolio pick. But by that point the stock will be much higher with confirmations in hand, so that is the risk you take. On the short term, it could produce very good gains for some of the above reasons, so you may wish to keep looking at it. There was an internet article that claimed an official of the CNPA in Cambodia did not know about XCHC and I've decided it was a very bad journalistic effort from bad information. I've addressed this elsewhere and found there was one particular posting here and on RB who looks to be a big short seller who wanted to make the company look bad. I'm confident the company did have the meetings in Cambodia. And they have a timeline to report back to the government to present a plan of operations and produce some big partners to work on the offshore and/or onshore blocks. The bottom line is Texas revenues bring the stock much higher while Cambodia and other potential international efforts are the gravy. It could be very rich gravy though. Lastly, some people are oblivious to the idea of the effects of a short position on a low float can have, but myself and others are more than certain there is a significant short position on XCHC. Take that however you want. We consider it positive, because we're confident the company is moving very fast with positive results and the float is all but dried up.
GLTY,
Emma
