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SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."


NDAQ:SQI - Post by User

Comment by JustAnotherGuyon Oct 14, 2010 5:13am
536 Views
Post# 17562618

RE: RE: July targets of $1.00

RE: RE: July targets of $1.00Yes, I did sell 92% of my holdings because:

- I was not satisfied with the initial Boulevard assays, and I was expecting SQI to revisit the previous high (~ $.60);
- It was time for me to (finally) take some profits of the table;
- I would be able to get more leverage in other stocks (> x2).

But I also mentioned that I would re-enter the stock if the SP would fall below the high $.50's.

At this point, I could only see that happen if the Prospector Mountain assays are disappointing, or in the case of a prolonged stock market correction (gold and silver are currently overbought, so I would expect some sort of correction in the not-too-distant future).


Guy
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