id/All: Some are asking: "Why isn't HQNT moving up"?
Here's my take and why it may be happening and why the patient should be nicely rewarded. HQNT has had record volume (buy volume and overall) this month, I am told, so the float is slowly drying up as few are selling.
With the addition of Larry Burden, former Senior VP of Freddie Mac, and distinguished scientist, Dr. Laipply, who himself has accumulated over 1M shares of HQNT in the open market, things looks promising. (see recent PR's)
The only reasons I can think of for its tame performance today is the following:
(1) Not sure there are many shares to be had. The true float now is reportedly very low and there are some major investor positions (i.e. Dr. Laipply over 1M and others). The MM's are probably short and trying to get shares from somewhere. They've called the Company before for shares. They may want to see if they can withstand raising the bid and ask for now. With so little selling, not sure this will work much longer.
(2) Some are waiting for it to close above its 52 week high of 74 cents. It's been basing and not dipping more than a few cents. BTW-- Basing is actually a good thing and telling everyone that the base is getting more and more solid.
(3) The MM's are not filling orders or delaying the fill to try and make it look like there is little interest. I've seen this trick before many times. Many shareholders from this thread have reported slow fills on HQNT over the last 2-3 weeks.
(4) Others may want to see the audited financials when they come out in the next week or so. However, they rarely change much from the unaudited data, in my experience.
So we'll see. I believe the patient will be rewarded. A company just doesn't stay below a buck or two for that long, imho, if they are profitable and have a relatively low market cap. I hope most will give this company a chance to reach the $4-5 level or higher in a year or two, which it easily could, if it earns 20-25 cents a share or more next year.
Everybody likes to be on the winning side of a hot momo, but slower and more solid success is not a bad thing, either, whether we are talking about SMID (PE of 3.3) or HQNT. |
