Volume pouring in and just at the right time. You have two huge catalysts: April 3rd rebranding which will set forth the new path and then the FB IPO which will highlight just how cheap QPSA is given MAUs, registered users, growth rate of MYB etc. I think 10 dollars seems about right giving QPSA a 350 million dollar market cap. In fact, in many ways 10 dollars is cheap. But first we need to eat away all the shares held by the last of the QPSA shareholders, those that bought the pump of Ian Cassel and the like. Once we eat through that we should go to 5 quickly. With volume at around 700,000 shares a day now, and with a trading float of about 20 million (the rest is held by insiders) then I think by the end of the week we eat through the overhang. Again, perfect timing given the announcement and the FB IPO
Well remember, there is a boatload of overhang right here. We need to chew through this. The April 3rd announcement will not be ground breaking in my view. They will simply outline their plan. The real move will be based on execution. But as long as the plan seems credible then we set the stage for the FB IPO. Realistically I see us testing the 200 dma by Friday which is 4.72 I believe. Then perhaps 5 bucks after the CCf and then the facebook IPO you could go to 7 bucks.