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Bullboard - Stock Discussion Forum 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 Discussion

SciQuest > Ditched this for sweeter meats
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Post by sigs on Feb 05, 2011 4:09pm

Ditched this for sweeter meats

I have held this long enough to know that it's dead money, I have to say they had great promises some time ago when they appeared on BNN. I really don't like all the acquiring and diluting that's going on, there is really no forward movement. There is no communication from the company to any of my concerns or questions. I am out. 
Just becarefull if you see these insiders buying, there are making money off retailers, on 100k shares it only takes a penny to make a grand. There are a lot of strong stocks out there GL.
Comment by Letssetsail on Feb 05, 2011 5:26pm
Don't disagree entirely as I have sold 50% of my holdings as well.  However, I doubt the insiders would be engaged in trading for pennies.  They have to report both buy and sell so it would be public knowledge soon enough.  
Comment by Empire82 on Feb 05, 2011 9:27pm
Its only dead money for people who bought in during the last pullback, if you had bought in a year ago you would still be up a substantial amount. these Yukon plays that are drilling die down in the winter especially with Gold pulling back too but when the snow melts and the drills start turning and Gold moves higher SQI will head higher unless management does something really stupid. Now would be ...more  
Comment by sigs on Feb 06, 2011 9:17pm
This is very true, for me personally it is, and if SQI if it starts to move again I may get back it. I wish you all good luck on the trade. I had to make a gut call on this one, something doesn't feel right.
Comment by sigs on Feb 06, 2011 9:21pm
That is a valid point but there are creative ways around. Our regulatory system is not as solid as one might hope.GL on your remaining 50% P.S. not trying to bash or influence people here, just stating my opinion.
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