I am not going to pretend to predict the future direction of the US stock market. There are many on the internet who spend all their time analyzing the market. Some say there will be a recession in the US. I don't think that is as important as ST believes. Why? Mainly because we have no indication of QMC depending on future US based businesses at this time. While QTMM has generally tracked the stock market, the primary reason is the lack of revenues. Does anyone doubt that contracts, revenues and "money in the bank" would reverse QTMMs direction, and counter to the markets recent direction? Would the market love a strong growth stock not dependent on the US economy in a US recession?
QMC through it's licensee Amtronics CC has a JV with the Indian state of Assam through it's agency AMTRON. The deal is very favorable for QMC and will fund further development of QMC'S most advanced technology that have been made public., QDSC AND QD LED for their manufacture in Assam. The primary market is INDIA with their Billion plus population and their aggressive solar program with a goal of 175Gw of renewable energy by 2022. So QMC has initial announced funding of over $21 million to start, development funding, committed partner Indian companies through Advantage Assam, and incubators drawn from India's extensive university system and other sources.
I believe QTMM stock price is not dependent on the US stock market and those stock market charts are not so relevant.
If you do think they are important, then you should look at India SENSEX and the Nifty 50 stock indexes, both of which have years of growth and have not tracked the US stock markets down. Why? Because QMC is doing business in India. India has a growing economy and the government is funding infrastructure with advanced technology which will dramatically change the country's economic trajectory for the better. That's totally different from what the US is doing.
Finally, QMC is still knocking on the door of the display industry and CES is in early January. QMC's QD LED could revolutionize that industry AND the solid-state lighting industry as well. Those are two long-term expanding businesses which could grow more than ten to twenty years and worth hundreds of billions of dollars over time.
Seems to me QMC has plans ready and is acting on them. Please do your own due diligence and decide for yourself whether QMC is on the rise and worthy of long-term investment.
'The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.'
