RE:RE:RE:Shaking of the Tree!!!I think we should still be a bit cautious...
Qipt fell downwards out of a diamond top pattern and sometimes these moves can be catastophic. Although fundamentally I think its undervalued, sometimes markets can be very unreasonable for longer than we want!
Right now we're still in a downward trend that could go as low as $5.00 CAD. I'd like to see us break-out passed 7.25 ish for confirmation of upward trend. Thats only 10% up from these levels.
I've been nibbling and my gut says we've hit a bottom, but technicals say to wait for a stronger pattern to the upside before I pull the trigger on a bigger position.
A good acquisition would get us out of this mess...(QIPT management you best be listening - your options depend on it)