check this out...
posted on
Oct 06, 2008 09:29AM
(Edit this message through the "fast facts" section)
Guys lets all just relax...we're like a close forum family and have been for a while, which is why I love coming on here and talking with you guys...let's not let a misunderstanding get in the way of that!:):).
Someone on SH posted this...their website, that shows the buys and sells of qec for today...
http://treasurepicks.blogspot.com/
TD sold of around 220K along with a few other retail brokerages...most likely all at bid prices....huge accumulation by institutions...if you look at the reuters link I posted a few days ago (http://www.reuters.com/finance/stock... ) you can see how much institutions have bought. This is good in the long run as one of you said, because when we start to come back, they'll be a lot less shares avaliable. That is a huge number of shares right there.
Just think back to when it climbed to $6+...it didn't take that long did it. I know it's gone down a lot, but with good news and when markets turn, it'll climb back again, and with good news, could be just as fast...so the SP shouldn't really be the only focus...because it can shoot up pretty fast with good news....just have to give it time...this was a longer term play...and still is...but the reward is high and you can see on that site how many shares have been bought up by those institutions.
Rocco