QEC and ATI will climb higher again ....imo after the panic sell off. QEC gapped up from 3.70 to 5.05 opening then stalled after the news release. Then selling began as many thought they had best take profits when the bids tapered off soon after opening. Profit taking has continued I think because many do not fully comprehend the new value to QEC and ATI and other land holders in the Utica shale gas area after the QEC/Tallisman gas strike and flow rate. Many may still be questioning the value but the risk reward factor and a truer understanding of what was discovered will kick in soon at some price and the bids will overwelm the asks and up she goes.
One poster had several analysts 12 month projection for QEC as high as $9.00. And that sounds about right to me.
jmho, we shall see what happens over the next few days or week.
GLTA,
bn