So Company managment, in light of the tremendous sell of in IQST stock over the past several weeks, should come out and state whether they are on track with their previously provided Company guidance on this matter - or not on track, and if not, why they're not on track.
This should be an easy news release for IQST to give...they'd actually not have to say a lot or give away any IBank related confidential info, but this messaging would be extremely constructive in my view.
On a different front, I like the way IQST is trading today *thus far*...certain select algos would typically test any uptick in buying with a large offer on the ask (appears it could be in the 50k-60k block size for IQST based on what I've witnessed) to see if there's follow through pac man nibbling of the bulk shares on offer, and if/when there's no follow through on the buyside then additional MM shares come through at a lower offer/ask price and starts knocking down the share price penalizing the bid for lack of depth and increasing the fear factor. Today I see something different so far, with backup bids with some bulk coming into the order book. Said differently, there appears to be some bite in the bid today with the goal of actually accumulating some shares in scale.
Let's see if this lasts.
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