It seems that not only Kathy Wood was buying QSI last times. It looks like other big guys are also quietly buying and not selling. Holds the support level well. Made cup and handle (or Vbottom, right extention) pattern on the hourly timeframe. Watching this closely for a long swing.
I got in today. Definitely looks beaten down and ready to make a run again. The shorts had their fun. squeezed it dry for this round. I'm def looking for a $15 run. Lucky if we hit $19. Nabbed 700 shares today. I'll load up more next week. Earnings is garbage but to expected. Chart looks nice...FUD and volatility did nice work here...the firms had their fun. Now its time to pick up the garbage and resell it later as if it were gold.
AnaBloemkool
⋅
@IntheEndWeDividend, thank you for your reminder, I totally forgot about this stock. Yes, I agree with your points. It lookst that the stock found its bottom and now is moving up. Personally I'd wait a bit to seem more volume to go long.
Mikeymoons
⋅
anybody here still holding?
IntheEndWeDividend
⋅
wait just did the math for the true P/B of this stock. $8.74. Looks like I might've bought in too early. Hopefully it runs up and no one pays attention to the horrendous financials of this company. Not sure what Cathie sees here ...I'm guessing she's hoping to dupe some retail investors. We might go down close to another dollar loss but I'm sure we'll bounce to $13- $15 range. Price to book here definitely tell the tale of a company that has taken a massive hit and running annually on negative numbers. oof.
AnaBloemkool
⋅
@IntheEndWeDividend, yep, now I see your second comment. That's exactly what i mean: this stock can go, but we need more volume to show us some big wales interested in this stock.