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Reply With QuoteAnyone hopping on board with me after yesterday?
QLTY - Quality Distribution Inc
QLTY has been forming a downward triangle since 2006. I usually like the triangles to have 3+ years to allow for more accumulation, but the short base that started in late 2008 has been practically stuck at $2.00. The increased volume since in May and June leads me to believe that now is great time to get in.
Last edited by TheStockDude; 07-17-2009 at 01:29 AM.
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
Anyone hopping on board with me after yesterday?
Last edited by TheStockDude; 07-24-2009 at 02:24 AM.
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
I will have a look at it first.
Originally Posted by TheStockDude
Anyone hopping on board with me after yesterday?
Hopefully you are right.
Up 50% since my first post. I wasnt expecting gains like that on Thursday or Friday! All of the major qualities that I look for in stocks are inherent in QLTY. While these past two days were nice, a drop in price would only allow me to load up on more shares. I dont think QLTY is a "buy and sell within a couple weeks" type of stock. I think the real gains will be realized in a few months.
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
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