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Microcap & Penny Stocks : QDRX -- Ignore unavailable to you. Want to Upgrade?

To: Cavewoman who wrote (3359)	1/2/1998 9:40:00 AM
From: Glenn Olsen	Read Replies (1) \| Respond to of 3977

Ginger I wouldn't interpret the filings as positive. They filed to reflect some changes in how they accounted for a variety of transactions last year. It means the people who came in didn't agree with some of the QDRX evaluations. While there could some slight bounce(is up 1/32 a bounce?) I'd guess some shorters wanted to cover their positions and the market got a little thin. Looking over the financials a couple days ago, Victor's sales had declined each year for at least 3 years. QDRX had a market cap of over $20 millionn and was losing tons of money each year. How could a company with $20 million in sales and supposedly a profit sell for what the Q paid? If Q survives in some reorganized fashion, I'd be surprised if the common stock gets anything. 1/16 or 3/32 is more than 0 and would probably buy lottery tickets with better odds than those of Q going anywhere positive. Before acting on any investment "advice" remember, I bought Q before so being wrong would not be a new experience for me. Glenn