HOLD or BUY more when you can until the PE reaches 50 which is about $200/share. Some (300) Institutions are holding 100% of the shares and they don't seem to be running to the exit. They know what you know. Q is undervalued at a PE of 12 when growth is at 50%. No rocket science. Just be patient.....even if it takes 2-3 years from now.
pseerock88 - YES exactly. I've checked their financial statements already and they have done it also in 2011-2012 if I remember. They generate cash by selling shares so they stay in business. It only happens in America and investors buy it.
$98 is reasonable. What my reality is, Q will go up to $90, then Citron will pass bad information to bring it back to $70. Then after that it will go over $98 and who knows what will happen in 6-9 months. I've been in this stock for almost a year and have good unrealized profits on it with no intention of selling below $140.
Good luck mrkgrngr and wish I have your gots. Q is the largest stock position I have and cannot add more emotionally lol.
Q is my biggest position and I've been holding it for about 1 year. This is how I see the reality:
Q goes up to 50, then goes down by 20% to 40. Then it goes to 70, then it goes down to 60, then it goes to 80, then down to 65, then, in the future it will go to 90, then down to 70.....and so on. Q is up by about 50% in 12 months so what's the big deal. What do you expect? They have a strong management and that product is selling and curing. Having one good product, is better than having 4-5 products that are so so. MSFT started with one product for many many years. That's how things start.
I am not paid to say this, but it keeps coming back again and again. Q fluctuates by 20% every 3 months or so. This is the nature of Q and this is my reality and I am accepting it. Furthermore, if you want to make that 20% fluctuation, buy on the dips and sell at the top. Q will fluctuate and it is my reality and have bought this stock accepting AND expecting this reality.
This is not a recomendation. It is how I see it. It is your decision after all.
Good luck for the longs. The shorts are playing this fluctuation game making money from the fearfull who cannot hold on or buy at the dips.
They have $200 million in cash, why use it to buyback at the $64 levels. Company has an excellent cash flow thus don't need this cash sitting generating no value.
+20% in the next few weeks.
Needs to be 50 minimum since the company is growing by that much. Do the math ladies and gentlemen and you'll quickly realize that $270 price is reasonable. Any Mathematicians here?
LOL - market is too manipulated by the few who can dish out these deals into mutual funds they control. I am sure there's a computer behind all this. Once someone sell, they take the price up, and sell it to someone else. And if they cannot find someone else, they'll sell it to the mutual fund they control. Too manipulated and there's no regulations to catch any of that......I am getting out of this business since I have not been able to win. It happens to me almost all the time to be coincidental. The game of manipulation has been perfected and I cannot beat it with them holding all the cards.