Quarterhill Inc T.QTRH

Interesting bid/ask

[wilander]

Looks like we will pause here for a bit...

Level 2 Quote

Market Depth	Orders/Shares	Bid Price		Ask Price	Shares/Orders	Market Depth
	8 / 1,800	2.56		2.57	1,700 / 5
	9 / 6,800	2.56		2.58	3,300 / 8
	6 / 3,100	2.54		2.59	2,200 / 5
	8 / 8,500	2.53		2.60	194,500 / 11
	8 / 8,500	2.53		2.62	7,900 / 6
	6 / 6,500	2.51		2.63	9,200 / 7
	42 / 39,500	2.50		2.64	172,800 / 4
	42 / 39,500	2.50		2.64	700 / 3
	3 / 10,600	2.49		2.66	3,100 / 3
	5 / 7,600	2.48		2.67	900 / 2

[xanada2]

Definitely a large sell book versus a much smaller buy book Some traders looking to take profits and retrenchment is looking possible 

[cabbieJBJ]

I agree Wilander.  It looks range bound $2.50 to $2.70. While Q3 will be good, it looks like management will need something more than reviewing the pre-release results to reinvigorate the stock price’s upward trajectory. A couple of options that would fill that need are a dividend increase (unlikely as management seems to not be a fan) or an acquisition/more color on the acquisition

[wilander]

I dont think "colour" is going to do it anymore.  (if it ever did) Time to use the cash and put it to work.

[cabbieJBJ]

that's my preference as well Wilander!

[checkup]

This post has been removed in accordance with Community Policy

[mrmoribund]

Makes perfect sense that the market would pause here. Nice move from where it was stuck, $1.84, but the essential question remains unanswered. Is this just a cheap balance sheet story that got too cheap at $1.84 and has now had a nice bounce to a more realistic somewhat-less-cheap level? If so then we shouldn't look for all that much further upside--though, of course, we would still get a

[redcoats]

Actually it wouldn't take so very much product development, as it would product conversion from their off the shelf products.