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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 Dec 17, 2010 5:40am
431 Views
Post# 17860633

RE: RE: News Overdue

RE: RE: News OverdueI hope you're right, PaleRider22!

I think that there's a really good chance that SQI will make a new 52-week high in 2011, but before we get to that point, there will be some downward pressure in the coming weeks due to the lack of news (from Boulevard and Prospector Mountain), tax-loss selling and securities that become free trading (NR - August 27: "All securities issued or issuable in connection with the Offering are subject to a four month hold period expiring December 27, 2010.").

Guy

Full disclosure: I used to own close one million SQI shares, but sold 93% of them after the initial results from the Boulevard property were released. I will consider adding to my position (75,000 shares) if the SP drops below the high $.50s.
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