<<Skislock .. interview. Have you read it?>> Any links?
<<Also, Internet sales of iQ and iQfx are real at 50,000 per month.>> Yes, and they were there last qtr too.
Part of the problemm is assessing my comments today is that you're missing my earlier comments. Q had been announcing a lot of previous uses of their product (Thunderbird, RN, Acer, Aiwa, the Chinese audio companies (does prior Chinese handling of intellectual property rights give this much chance at actually bringing meaningfull revenues?) going back 2 years, but to date have not been able to earn more than a penny, with most qtrs negative.
Secondly, given the scenario where you already mentioned they warned about negative near term impact from their Inut venture, and meaningfull Cetera revenues still postponed, and they way the market responded to missed expectations,
when you add the current market climate, and the fact that when the market gets real nervous the last few years, small/micro cap growth issues, especially development stage get dumped prime time in the fright to quality, is it not very likely that Q will continue to slide until it can show the market that it can acually make a profit? Q is long since removed from being a story stock.
Look at the small/micro-cap companies it's competing with for investment dollars with demonstrated earnings growth. At this point, Q compares very poorly with PERL & TRIBY.
Or what is the likelyhood Q will be less than $2.00 by end of year vs the likelyhood Q will be > 2.75?
At this point, given the strong likelyhood that they'll be negative, again, what is there to provide demand for Q?
From my perspective, the best that's likely to happen to Q is to go sideways the rest of the year, and the chances are much greater of continued slide.
Lets look at the technical picture. all the intermediate & long term MA's are going down. 20/50 & 50/200 bearish MA crossovers. Money flow sucks
bigcharts.com
Another TA site I use, Online Intelligence has 5 open signals - 4 sells.
Don't mistake me, business case is important (the stuff you're posting about) But market cycles & psych do too. What we're seeing in the TA is a reflection of how the market is perceiving Q.
I'm not in a sour grapes mode. I screwed up - focused too much on the promised business development & did not look at the clear trend. Past is past. Question is, how will Q do the rest of the year. Only 1 more qtr will be reported in 99, that that will be another looser. How will the market respond? That's the question I guess I should have brought out more clearly. Scott
The more I think about this, the more likely I'll sell Monday. The more I look, the more evidence I see of likely loss. This ain't too pretty.
quotes.barchart.com
Rainier, any comments on my thought process?
Anyone else want to opine on this? |
