Qsolar Ltd. QSLRF

RE:RE:Stronger support today

[mercurysmith]

Thanks rG.  The Xie explanation sounds plausible because it isn't always easy to get money out of China and if Xie was in fact buying something in Canada and needing cash, it would explain his actions, although with better financial advice, he might could have done so with a private sale of Q shares.  Bottom line is he hasn't sold any more shares since June, so whatever he was doing, it seems to have been a one off situation.

Regarding the s/p support, one must remember the fantastic news in late July regarding the Q solar panel outperforming the two tier 1 panels.  That news initially shot the s/p up to .62 with heavy volume, but shortly thereafter, the s/p yet again drifted down to where it was before that great news came out, in spite of subsequent good news regarding the golf cart solar panel accessory kits.  

Even though in the short term the fundamentals don't seem to be driving the s/p too much, all would agree that long term these fundamentals will be correctly reflected in the s/p.  It seems to me that any trades in the .40's or .50's are a great deal for the buyer.  In the last month I have bought as many shares as I could at these lower .40's prices.  IMO, if good certification news comes out soon, the s/p could easily be back up to $1 (where it was before the EU tariff problems).  This recent support in the mid .40's is still based on such small volume, that it is too difficult to read much into it yet, but I believe that with the pending hopeful certification news coming, there would be support even now right up through the .50's if the asks were willing to be a bit more patient.  Time will tell.  GLTA longs.