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I saw that, and once .43 is cleared, it should FLY
It's a shame that QMED can't go on as usual. They were predicting revenue growth of over 120% YOY, in the area of $90 million for 2008
http://biz.yahoo.com/prnews/070927/nyth068.html?.v=101
Is there a white knight in the midst?
pivot .20, next resistance .43!
It's still trading cheaper than most BK stocks!
and they haven't filed BK!!!
Pinch, Pinch
http://stockcharts.com/h-sc/ui?s=QMED&p=D&yr=0&mn=6&dy=0&id=p84657448160
Got the PSAR buy signal today
Tomorrow the RSI crosses above 30
Some type of leak most have gotten out to cause a +4 million share traded day for no reason when all looks like it's a lost cause
possible short positions being covered to create such buying pressure, but why???
keep up the 4+ million shares traded days when the float is only 11 million, this will see some more fun rallies like today
Nice!!! A 3+ MOMO this week.
If things clear this will fly. I only got out as I never refuse an easy nice gain.
Good luck folks. If I were a long, I would keep it.
Mike
money green weeeeeeeeeeeeeee $$$$$$$$$
IM holding though this shake. I see more to come, past .30 weeeeeeeeeeeeeeeeeeeeeeeee
not done though weeeeeeeeee
Got your rebound. Now .18 +125%. Jim
A rebound could be possible in the future, things can go either way, speculative play.
Hi, i can see some other people noticed this stock trades at 2+ and then just bam nothing...
If they are in financial issues this stock will pop a couple times down the road to pay the bills IMO
Nope dont know anything about the company, but after the INPC I am very careful about falling stocks.
Yeah, I'm still learning when to pull the trigger. Got a little to impatient and bought at .18, while patting myself on the back that I didn't buy in the .20's. Self-correcting behavior for sure!!!
agreed. Chart looks like double from here. Trying to pick em up as close to .12 as possible. GLTY
As always, time will tell. I'll be waiting and ready either way. In for only about 2500 shares. I just feel if they were going to cut and run like INPC, they would have taken the same route and behaved differently then what they're doing.
I agree... the INPC debaucle was ridiculous. #3 carrier files Chap. 11 for sale of company.
QMED has already taken steps to resolve financial challenges. They let go of employees.. it appears management has begun to address their own issues... which looks good for recovery IMO.
Don't bet the farm here IMO, but I do believe it will bounce nicely.
It's kind of interesting though that a company like INPC files BK and then announces it, while QMED says publicly they're exploring BK, knowing full well what it'll do to the pps. Just looking at the HME ( human motivational element ) here.
Anything strange going on with buying and selling this week might give us a clue. Maybe reading too much into this, but I'm seeing opportunity here for perhaps a reverse merger and a cheap way to get listed. JMO
QMed, Inc. Substantially Reduces Employee Base
Eatontown, New Jersey, November 06, 2007 – QMed, Inc., (NASDAQ Symbol: QMED) today announced that the Company has determined to significantly reduce its work force in connection with the programs or areas which are being eliminated or reduced, in light of QMed not obtaining additional capital. The Company is reducing its operating structure, as it seeks to maximize the value of the remaining businesses and assets. Accordingly, the Company employee base has been reduced from over 90 to approximately 30.
Jane Murray, president and CEO, stated, “It is with great sadness that QMed has had to take this action.”
QMed, Inc. Cites Insufficient Capital
Eatontown, New Jersey, November 02, 2007 – QMed, Inc., (NASDAQ Symbol: QMED) today announced that it continues to incur losses. The Company has been unable to raise adequate capital to support both its operational needs and statutory reserve requirements related to its business and certain of its subsidiaries. As a result, it will be limiting or disengaging from Special Needs Plan related activity in South Dakota, and will be working to transition or conclude involvement in its New Jersey Special Needs Plan.
The Company is investigating strategic alternatives to maximize the value of its other businesses, which may include selling various assets. There can be no assurances the Company will be able to maintain its other businesses, or to sell assets at amounts, which would be greater than its liabilities. In addition, it is exploring seeking protection under the federal bankruptcy laws.
Bankruptcy is definite possibility here... trade with caution.
Mainly the chart and market activity... I do not know enough about it to consider a long term hold.... however if you have any insight.. help is appreciated.
Have you been following this company or just the chart?
Cruising along at 2 bucks... then bam. Da cheapness. Not bottomed yet.
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