3SOF

I've been holding this one since last year.  I don't have a large position so I've just let it ride.  It needs some more volume and a break of .41, then .45 with momentum to move up into the range of last years highs. 

Fundamentally, HQSM is better off than ever, some solid new developments in the sales side, increasing tilapia sales in the whole sector, and a cooperative agreement with some growers.  The feedmill construction in Hainan worries me that it may bring some dilution (I hope they borrow the cash instead) but it won't be a killer and may bring an opportunity to add.

I really like this equity, they don't hype, its not terribly volatile (doesn't seem to be a day trader stock), and there is a solid base around .30 that is a great accumulation range.  If it goes back below .32, I'll most likely add.

Tell me more about these "three magic lines"....where's Terliso?

May be coming back down to test breakout levels at .32/.33   I would definately be adding there if it does.  Other comments welcome.

added to my position...

<snip>
TO OUR STOCKHOLDERS:

NOTICE IS HEREBY GIVEN that the following action was taken pursuant to a Written Consent of the Majority Stockholders of the Company:



  1. We effected a reverse stock split at a ratio of least 1-for-10, and up to 1-for-20, subject to the definitive board action approving the exact ratio to be taken within the next 90 days, of our issued and outstanding common stock and retained the current number of authorized common stock and preferred stock reflected in our Certificate of Incorporation. 

The Board of Directors has fixed the close of business on September 25, 2006, as the record date for determining the stockholders entitled to Notice of the foregoing.

The Company has asked brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of the Common Stock held of record by such persons and will reimburse such persons for out-of-pocket expenses incurred in forwarding such material.

<snip>
-------------------------



...that doesn't sound good and the stock reflected so today   down 12.5%

This looks like significant news and at .26 the risk/reward ratio is very attractive......

Record Third Quarter Revenues for HQ Sustainable Maritime Industries, Inc
http://biz.yahoo.com/iw/061106/0180518.html

My .26 support entry still did the trick on HQSM today....I expect momentum to build from now on until actual numbers are released.  Good volume, can't complain about that.

2 black candlesticks in a row, well at least volume kept up today....maybe once it fills the gap to .275 together with a touch of the 9ema it can move back up...

HQSM trading at .20s it may be near a bottom. Could be a good bottom fishing play.

"HQSM.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.    
All history on a stock pick in 1 thread is awesome.   

Thank You....and good luck with all your trades....make some $$$   

Changed Ticker Symbol

HQSM.OB  is no longer valid. It has changed to "HQS"

The stock now trades on the AMEX.......
On May 17, 2007, HQ Sustainable Maritime Industries, Inc. begin trading on the American Stock Exchange under the symbol "HQS."
I think it was a 1/20 reverse split.


Therefore this thread will be moved to the Stock Picking Board