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Re: pointandfigure post# 1551

Monday, 12/06/2010 10:34:57 AM

Monday, December 06, 2010 10:34:57 AM

Post# of 5961
as i indicated friday .. i started seeing
some *games* underway on l2 (qpsa trades)

that imo was just demonstrated by the 400 trade
at the then ask (9.83) followed 2 trades and 6 mins
later with a 400 share trade at the then lod (9.61)

i call this *shaking* the tree .. (others call it
consolidation) .. usually done on low volume

volume currently 64,000+ with the bid/ask
*pressuring* lower .. i tend to look at other
aspects (ie finra's daily reg sho data over X
no of weeks) to see the pattern in play .. i'll
post that when i have the time .. hope it helps

regardless i take these *pullbacks* to add shares
when i can and realize that *few* imo will be shaken
out of their shares based on realistic valuation and
SS of qpsa (meaning i expect qpsa is seriously under
valued and will be heading higher b4 the next set of
no.s come out in early jan :) ...)


Detailed Quote:QPSA
QUEPASA CORPORATION
9.50-0.41 (-4.14%)AS OF 10:23:25AM ET 12/06/2010


Last Trade 9.50
Trade Time 10:23:25AM ET
Last Trade Exchange
Today's Change -0.41
Today's % Change -4.14%

Open 9.95
Day High 9.95
Day Low 9.48
Previous Close Price
12/03/2010 9.91

52-Week High
12/03/2010 9.95

52-Week Low
12/08/2009 1.55



Volume 64,047
Average Volume (10-Day) 119,554
Average Volume (90-Day) 56,291


edit>>>> since typing

VOL ~ 73.6k

bid/ask ~ 9.55/9.80 1x1 (last trade at 9.83 at 10:29)

--
4kids
all jmo


10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --