Business Update - Management Continues to Execute on their Plan
I last wrote about Qualstar (NASDAQ:QBAK) back in October 2013, when the stock was trading barely above net current asset value (NCAV). Since then the stock has seen its ups and downs, with the major highlight being a positive earnings report earlier in 2014, which caused the stock to shoot up briefly to over $2.00 on February 14th. On this day alone the stock opened at $1.33, and then proceeded to shoot up a whopping 54% to $2.05 on volume 10x the daily average. Unfortunately for retail investors you had to be paying close attention that day, and lock in gains by midday, as the stock dropped sharply...
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