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Strategies & Market Trends : Charts for Quick CASH $$$
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To: Galirayo who wrote (5192)11/29/1997 5:33:00 AM
From: HeyRainier  Read Replies (2) of 9262
 
[ BJCT and QUST ] Hey Ray,

I am actually pretty familiar with QUST--I've been watching this for a few months now--the TA and FA characteristics were particularly appealing. They also have a preferred set of shares that are also trading. Though the preferreds are supposed to trade at approximately 40% above the common's price, there was a time that both the common and preferred were trading at equal prices. I wrote up the QUST thread and recommended them to arbitrage the situation by going long the preferreds and simultaneously going short the common until the discrepancy was erased. I don't think anybody listened, however--they missed out on some free cash.

As I'm looking at my quote server at this moment, it seems that by some cosmic coincidence that the two are once again trading at the same price! Might be interesting. If you're planning on going long on this issue for the Wedge breakout(not A.T.), you might get more punch from the preferred issue, QUSTP.

BJCT--wow. Not an Ascending Triangle, but actually a breakout from a Descending Triangle. The big picture from the weekly charts gives me the tingles. The TA on this shows that this could run to 3. I don't know what it is, but something happened a few months back to wake up this sleeping dog. It doesn't seem like a bad idea to take a potentially lucrative ride on this issue.

Regards,

Rainier
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