BQT - Why didn't it boom?

I bought at 0.235 on the 26th of July, just after the sattelite announcement.

ps: What did you use to get that chart?

 

O no ...... Look at chart below

 

Yeah it hasn't been performing well, I was up 12.4% or something a couple of days after I bought in, but then it dropped. Now i'm about 10.6% down or something, im hoping they'll maintain the price they're at now until they make another announcement which will hopefully give it a short term boost.

My mate said they should hopefully make an announcement about finalizing a contract in relation to that sattelite project, which should hopefully cause some sort of reaction.

 

ok I havent studied the following since my focus will be managed funds and property, but if you want to educate yourself about shares, Free online investment classes - ASX is probably a good start.

Cheers
Simon

 

That chart came from Metastock and paid data. I manually put in the arrows, text, etc. Its not a stock to i follow so was only a quick look. I would guess that the 'smart money' went into that stock in early June (there is a little spike in volume) Although 'insider trading' doesn't exist in the ASX

Yeah POS is NOT for investors, unless you believe their story... Just showing that the smart money is probably already in the stock before announcements get out to the 'Mums&Dads'....

" If it is written in the paper then you are at least 1 day too late!" (ie was released the day before when the reporters read it and traders have already traded on it)

Please don't get me wrong at all as i am sure your mate's intentions were very good... I just learnt a loooong time ago not to accept tips unless i have come to the same conclusion (ie own research )

DaveJ

 

I am with you on this one 100%

 

I see, well im just a beginner, I thought a nice announcement like that woulda caused the share price to go up a bit, and I'd make a nice little profit.

But as you pointed out, most of the money/trading was made before/as the announcement came out, heh.

I guess i'll just hold now and and hopefully I can break even or make a little bit of money when something happens in the company again.

 

Yep...DaveJ is spot on with his comment !!

You see.... the irony is that quite often stocks are moving up on bad announcements, and down on good announcements.
Next time instead of trying to predict market direction, simply react to market movement (after announcement) or your system's exit.

 

Sim,
You made my day at 10.33 am

Sk3tChY >>> Cut your losses short and let your profit run!!
Hope = 4 letter word.

 

Chalk it up as a cheap lesson in market behaviour. Every beginner gets taught this one by the market - sometimes it costs them a lot more!

 

Yeh... Trading halt on BQT atm..!

Hopefully I'll make back my losses now..! *crosses fingers*

 

I just checked the prices and bqt has just gone up 16.67% over the last hour! dam i gotta read these posts earlier

 

Hmmmm...Where did you get 16.5% from?

Open - 17.5c
High - 18c
Low - 16c
Current - 16c
NO volume at all !!. 9 trades so far and BQT is still in red!
BQT = Chihuahua dog....The origins of the breed are obscure, but they are considered by some to have been held sacred in Mexico by the Aztecs.

 

i think my comsec watchlist is playing up, altho it does say BQT posted a 2c gain today to 18c