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Monday, March 14, 2011 2:19:49 PM
First the good news..loses for longs are limited, and as this share approaches zero, the end of our suffering is in sight! (just a little humor)
Seriously though, this is getting absolutely ridiculous, the chart formation is clearly of a ¨man made¨ nature. (major short manipulation, and the SEC is too busy watching porn webpages)
This being the case, I see two interesting signs in the air today. Firstly, the volume is lower, and secondly, Sykes has appeared to on our message board to take a victory lap, and kick the corpse of Ian one more time (Sykes is a VERY classy guy!)
A bottom is near? My strategy is use the pitiful remnents of my investment capital (I was VERY long QPSA, still hold most of my position) to rebuild my position, buy a block when we hold over 6, then when more when we hold over 7, and the once again when we hold over 8..Have to watch this like a hawk, the violent downmove of this stock could well be accompanied by an explosive upmove ¨one of these days¨.
Good luck to all longs, and a special thanks to Charles and 4kids and others who have generously and seriously worked to contribute to this board in a constructive way through these difficult weeks. (in retrospect, the move to the AMEX has been a disaster!)
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