Quest Minerals Shreds Value, Confidence

Dec 12th, 2008 – Comment

Hi Lou, Love listening to your segment. I recently purchased a stock (first time ever) called Quest Minerals (qmlm) I had 50,000 shares and it cost me $1000.00. This was some big tip from a friend of mine; it was going to pop, as he would say. Now the stock just recently split. What does […]


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Quest Minerals

Quest Minerals chart tells whole story

Hi Lou,

Love listening to your segment. I recently purchased a stock (first time ever) called Quest Minerals (qmlm) I had 50,000 shares and it cost me $1000.00.

This was some big tip from a friend of mine; it was going to pop, as he would say. Now the stock just recently split. What does that mean and what do you think about this so called great tip?

Thanks very much and HAPPY CAPITALISM!!
Anthony

Hi Anthony,

Thanks for your support! It is greatly appreciated.

I recently produced a report on a stock that traded on the NASDAQ Bulletin Board and mentioned that it the market on which a stock trades can introduce a higher level of risk.

The NASDAQ Bulletin Board does not have any listing requirements such as a senior exchange such as the TSX and that always adds a level of caution for me.

Quest Minerals

If there is a pop to come, be ready to grab some cash and run

I researched Quest Minerals & Mining Ltd’s, QMLM NASDAQ BB, web site and other sites to try and find a news release on the split. The best I could find was a mention on a bull board of a 10 for 1 reverse split. Typically a reverse split is a means by which a company’s management will try to mop up an overly large number of shares outstanding.

Again the nature of a stock listed on the NASDAQ Bulletin Board is in line with a thin data stream and hard to pin down information,

I think the charts tell the whole story. QMLM has been shredding shareholder value for some time and if there is a pop to come be ready to grab some cash and run.

Happy Capitalism!

Categories: Mining
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