Jerseyboy you might not "know a lot about charts" but you certainly do have a knack for recognizing a winning stock when you find one.
There are people who sold their IQST shares today despite it being a green day for IQST amidst a generally down Friday in the overall market. And despite all the valuable information that's been presented by the many good posters on this board about how much those sellers should have cherished their IQST shares and held them tight -- for another couple of weeks (or for a year) at the LEAST!
My post tonight is not for those folks. It's for my IHub friends here.
It was another milestone market day for IQST today in that it was the first trading day in which IQST opened trading above $1 AND closed GREEN (yesterday, 2/18 you may recall it opened above $1 for the first time touched $1.69 but then closed in the red by 9 percent.) These price moves are indicative of a healthy upward volatility in a company and a stock that's making huge gains overall weekly and monthly. And IQST is following a general pattern that other, albeit rather rare, penny to $1 to higher priced stocks have followed in the past.
The key decision that you and I need to make ahead of the coming short-term price action with IQST is to remember what we own, that is, a stock worth north of $10 at least (a price target which it's not out of the question to reach by sometime later this year)and to resolve NOT TO BE OUT! of the stock while it makes its often jolting semi-unpredictable price surges on its journey upward.
I have posted this here on the board probably three times already in different forms, but again I give you Alpine Technologies chart journey as the price action lesson and model to remember. Picking up this time in its price history at the point where Alpine had breached $1 per share for the first time for a few days, back in December.
The comparison of these two companies is fun to make because they are both holding companies that are positively trending with outstanding share counts that are very similar, and the volumes traded daily and percentage share price moves are eerily similar also. Which I chalk up to a certain predictability of crowd trading mentality and emotion that is being reflected in the price movements of a healthy stock. The fact that Alpine made this journey two months earlier than IQST, I view this as a huge benefit, like being given the answers ahead of time to the questions on the quiz -- the quiz being, how might IQST behave on a daily share price basis in the short or longer term moving forward?
The Alpine historical prices here are in order of "opening price, day's high, day's low, closing price". Note that I would propose that FRIDAY 12/18's closing up 9.9 percent, matches up well with IQST's FRIDAY's 2/19 trading action just yesterday, in which we closed up 8 percent. And then zero in on what happened to Alpine stock on the next trading day following that Friday 9 percent green close, after another weekend of buzz and reload of enthusiasm, on MONDAY 12/21! Note the volume and percentage movement and intraday high. This is exactly how fast IQST could move at any time now!
HOWEVER IT WOULD NOT have been the greatest day after all for an Alpine long who sold near the day's high on 12/22 (say at $2) thinking they could get a nice buy back in price maybe somewhere around $1.60 or $1.70. Because immediately after that awesome Monday, on Tuesday 12/22 the stock gapped up from $1.77 and hasn't sniffed that level since! wow Merry Christmas!
I have been sitting here daily with this price model in mind, marveling at how anybody could sell their IQST shares with this type of easily identifiable upward trending pattern being as available to them, as it is to me!
12/16/2020
0.8600
1.2400
0.8600
1.1100
+0.2550
+29.82%
8,543,400
12/17/2020
1.2100
1.2100
1.0000
1.0865
-0.0235
-2.12%
2,560,100
12/18/2020
1.1200
1.2000
1.1000
1.1950
+0.1085
+9.99%
2,113,500
12/21/2020
1.2300
2.1800
1.2200
1.7700
+0.5750
+48.12%
11,956,100
12/22/2020
2.0000
2.6700
2.0000
2.5800
+0.8100
+45.76%
12,136,200
12/23/2020
2.6700
2.6700
2.0100
2.4300
-0.1500
-5.81%
7,659,800
12/24/2020
2.4400
3.1500
2.0500
3.1000
+0.6700
+27.57%
6,880,900
12/28/2020
3.4900
4.7900
3.4900
4.4000
+1.3000
+41.94%
11,954,500
12/29/2020
4.6400
4.6400
3.4100
4.2900
-0.1100
-2.50%
9,789,900
# # #
All that said, I will actually keel over if and when IQST hits $4.79 one week from Monday on March 1!