Would it be childish of me to say "I told you so" regarding the impact of the QP ending?
Read pmt999's post and you will see exactly what I was afraid of last week. I told you that I thought people were expecting some great surge in JNIC just because the QP was ending. And now that it is here and there was no move up (in fact we're down $3+), there are people like pmt999 saying things like "what a joke" or "this thing just plain sucks" (and he even wrote it in all caps for emphasis).
As I tried to say several times, it was unlikely there would be strong buys issued. And just plain buys would be disappointing to people expecting more.
It will take substantive NEWS to move the stock now...customer contracts, partnerships, etc. That, I said, is the benefit of the QP ending. If we get some this week, we'll do well. If not, we'll drift.
Yes I expected a pop...on a "STRONG buy" rating...but got two obligatory "buys" instead. I just bought 250 more shares on the dip. Watch and learn this afternoon punks. Then once again tommorrow. Will hit that 105-110 price target within two weeks and you'll see the anal-ysts scrambling for adjustments. Rock on!
any news coming. Wait until tomorrow,typically companies coming off QP announce that day or no later than the day after. If their PR department is "quiet" than lots of people will become disenchanted and go elsewhere. Do your own dd of other companies that have come off QP and their stock behavior. However, you may want to wait until tomorrow to confirm dircetion, I just moved my stops up close since this thing is currently flat. Good Luck.
i'm disappointed in this stock so far today but the day isn't up yet. i think the new game in town is to get all the anxious, nervous daytraders in for the supposed " qp run". when it doesn't happen they move on and 2 weeks later you get the run up on light volume until it hits everyones radar again. they pile back in, the mm make their huge gains from the shares they took from the anxious in the first place and then they dump, again... for the "it's going to 400" cheerleaders to hold.
I agree with everything you said in your last post.
In September and early October, the ending of QP's and earnings releases were indeed driving stocks higher going into the news and even after the news. I noticed, however, that when the earnings season began to wind down, that market psychology trend reversed. Expectations had been driven so high that just meeting or slightly exceeding earnings, or just getting "buy" recommendations after the QP was causing stocks to drop. Just look at Crossroads (CRDS), an IPO in a similar sector to JNIC. This thing has been sick since its QP ended.
I am hopeful, however, that unlike CRDS, JNIC will come out with some positive news that will move us higher. Then I think everything will materialize as you indicated.