Tuesday, May 03, 2011 5:27:52 AM
QuePasa (QPSA)
QuePasa is an online social networking company targeting the huge demographic of young Hispanics. What’s happening with QuePasa stock is its typical pattern of major price swings up and down, It sports a tiny float of 11.9 million shares, short interest of almost 2 million shares, and the ongoing attention of momentum traders far and wide.
My prediction: If the markets continue to knock down and establish new multi-year highs, shares of QPSA may get lathered up, take aim at the $10 mark and move higher from there, especially if earnings improve. That said, there’s a reason why so many shorts have lined up against this company, which right now is money loser, so I would tread extremely carefully in QPSA’s waters.
http://seekingalpha.com/article/266958-10-momentum-movers-reporting-earnings-next-week
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