Quest Rare Minerals Ltd. (fka QRMLF)

[TraderRich]

I like the candle and the volume. I would have rather filled the 1.09 gap just to have it gone, but that's more of a personal thing on my part rather than having any real relevance.

Fundamentally speaking, I don't know that we should be expecting a whole lot of movement here for the rest of the year. We're moving into the time of year when investors do their tax loss selling, funds will be doing their window dressing next month which may provide more downward pressure for QRM since it is a non-performer thus far. Maybe late December and into 2013 we'll get some more activity. I do suspect there's a decent short here, perhaps more of the "naked" kind than some would expect, and as the company moves closer to revenues a cover of the short will be a nice driver of higher prices. I'm in this for the long haul and am content to continue adding if we go lower and otherwise remaining patient.

Technically speaking, if we do move up soon, it would be nice to get through a few MA's and a couple trend lines to eventually get above 1.70 - 1.90.