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That's what I see as the true tragedy of what has happened with QPSA. The company will be just fine, but the nonsense that has happened due to Tim Syke's crew that most likely had a hand in Cassel going dark is really sad for a lot of newbie investors. I learned a lot from him and made a lot of money off of QPSA... which was much needed after losing money elsewhere. I simply wouldn't be in the position I am today was it not for his fantastic DD on QPSA.
I didn't have the time line to be able to hold through this dip, but as time goes on, this company will do just fine and so will its share price.
good luck to all still holding.
"What is the real story with Ian?"
I really feel for the guy. Is there really a 'real' story outside of the fact that he had a guy... who has a large following.... trying to bring him down and basically character assassinate him.... and he saw how this was becoming a detriment to the companies he invested in and thus, decided to not make his investing public anymore, as it costs him and others money?
It's sad.... he really helped a lot of people out.
Would appreciate it if Charles or someone else could send me Ian Cassel's email address (I can't pm, but I can receive them). I'd really like to wish him good luck. I had a bad year last year, but getting into QPSA, after reading his posts about it, helped me regain my capital in a good way (I ended up selling somewhere in the 10.40's I think, on the way down, but still ended up with about a 150% gain overall).
He was a good, sincere dude, and I owe him some gratitude.
Does anybody know the details of the webcast of the presentation tomorrow? What time it is, how (or where) I can listen it, etc.?
I agree. Some of the shorts may start to get squeezed out soon too, hopefully.
That's a good report Charles. I re-took a position today at 11.34 (I sold last week after holding for 10 months) because I felt like the panic selling was done and the trend may be up for the most part for a while, especially considering the presentation tomorrow.
I will have it on a shorter leash than I did before, but I feel good about it.
The 50MA is just touching the 200MA... sort of on the brink of a weak Golden Cross, but still could be a bullish sign. I may jump back in for a swing trade on monday as the selling really seemed to cool off yesterday and buying started to come back in cautiously, they have that conference this week, and the chart is starting to look good again.
I'm watching for some life to come back into it. If it does, and we get some more uptrend, I'll come back in.
I sold, and through a comedy of errors in making mistakes with my order and panicking I ended up with a price .70 lower than I had intended to sell at.
This is a dark, dark day for me.
And for QPSA investors in general. Good luck to you all.
I understand all that, but I don't understand why they would have a conference call at all.... or why not just delay it? That call simply paniced the market. I'm just baffled.
I agree. I'm pretty angry about it to be honest with you. The timing is just horrible. Any of the other calls they had (I've been on quite a few) would have calmed the market. This was a pointless call that bought more panic to investor right on the heals of two days of horrible selling. I think we would have been better off had they not held a call at all.
I'm back to being very close to my sell point unfortunately. Hopefully it doesn't get there. At the beginning of this week I couldn't have imagined I'd be here.
wow, is that it? I was really expecting them to take questions!
Yep. Someone wants out at that level. I feel like we're gonna stabalize around here and tomorrow is going to depend on how people feel about the call (I'll be listening, even if it means going into work a little bit late).
.... it would be nice to get a little bounce at the very end of the day from shorts covering though, wouldn't it? :)
resistance at about $12....
looking at the 5 minute chart, we're still technically in the downward trending pattern.
Having trouble breaking through the 19MA. Keeps bouncing off of it.
Cool Charles. I'm just hoping it doesn't go low enough to trigger my 'sell' marker. I have to preserve my capital at a point, and it's getting scarily close to that point. Crossing my fingers cause I do not want to sell!
Very nice news item. Hopefully it will help to slow, or stop, the bleeding.
I really hope we don't too.
I guess staying in the 12's was too much to ask for today.
Seems like just yesterday we were excited to see the 20 million mark. Now, this time next month, we'll be looking at 30 million+! :)
Oh, I don't credit myself with anywhere near that kind of foresight. I caught wind of it via Ian Cassel, and truth be told if I had paid better attention a bit earlier when he originally started talking about it I could have gotten in at an even better price. His insights and analysis has been invaluable.
Coll, thanks for the reply. Though I won't be kicking myself for not buying hear for two reasons: 1. I don't have any money to buy here. 2. I'm already in with a healthy amount at a $3.96 average. :)
"love the vol."
can you expand on this statement for me please? It would seem to me such high volume (the second larget for QPSA ever, if I'm not mistaken) on such a massive one day pull back (I believe it's QPSA's largest 1 day pull back) is a very bad thing, but pleae correct me if I'm mistaken. I'm long, and have been since last April, so I'm trying to get a beat on it. We were excited about the large move up on trong volume recently... which was a good sign... so shouldn't we be equally concerned if the pullback is on such strong volume?
Thanks.
Ugh. I really hope we've seen the bottom at $11.55. Hopefully tomorrow's conference call and the upcoming presentations will bring in some more buyers, better informed, buyers.
Little bit. I'd love to see them get squeezed back up there quite a bit more. Sort of stalled around the 12.30s.
This is truly a brutal, brutal day. We're back in the 11s. Down 12%. Problem is Sykes has a large following, so I imagine when he says he's short, we get hit with a huge swath of shorts. This is very painful to watch. We're down another 2% just as I'm typing this.
Yeah, I'm really surprised at how bad the market is reacting.... down .40? Such a shame as this was looking to be a very good day right up until the PR.
If that's the case, it would be pretty damn silly. Compared to what they are up from the previous year, and compared to 6.1 million, 100,000 is a very small number.
That looks like a great report to me! Why did it spark a sell off the second it came out? I mean, literally, if you look at the time the PR came out, and you look at the chart, you see the biggest sell candle of the day, and we're currently down around .10. We had been hovering around $14.00 before that.
I wonder what caused people to sell on this news? It looks to me like QPSA had a fantastic year.
Low volume and low volatility today relative to what we've become used to lately.
you could be right.
... which reminds me... still waiting on January's numbers....
I'm not trying to be a wise ass, and you shouldn't either. I don't think it's going out on a limb to say not all stocks are valued the same way. Different industries are valued along different lines. Look at the valuation being place on other social networks, and look at why they are being valued that way, and then look at QPSA's valuation.
iancassel.com has a ton of info at this point about how to look at QPSA's valuation.
I think you need to look into how social networks are valued.
Yeah, they usually end up being sometimes between the 2nd and the 5th, but I was expecting they'd be out today.
I wonder when we'll get January's new users number.
I got your PM 4kids, thanks. I can't PM back though.
nice.
short or long?