a 1-for-20 reverse stock split. Normally I'm not a big fan of these but this reverse was for a legitimate purpose.... upgrading its listing from the OTCBB to Amex obtaining a major purchasing relationship with a national retailer. This is by far the most important news, as it shows that CEO Sporns is starting to deliver on his vision.
No doubt that I've been a skeptic at times about HQ -- I thought the financing last fall was unnecessarily dilutive. But that's water under the bridge now, and shareholders certainly have done well sticking with HQ.
I've sat out the run up, and now the stock is a bit extended. A break following a parabolic move rarely signals a buyable dip, so I intend to watch for a further pullback and base. At that time, if HQ continues to increase sales and strengthen fundamentals, I'll look to reenter.
DISCLOSURE: I have no position in HQS. Not a recommendation to buy or sell any security. For informational and educational purposes only.