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QTK - Quicktrak Networks

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GreatPig

GreatPig

Pigs In Space
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Noticed this back on the air over the weekend and managed to get a small parcel yesterday morning for 13 cents (wanted more, but couldn't get it before the price moved too high).

Sold late this morning for 22.5 cents, a gain of 73% in a day and a half :)

As Oliver once said: can I have more please? :D

It's currently sitting at around 19 cents. Not sure if it will take off up again or stagnate now, but I'll keep an eye on it.

Cheers,
GP
 
Re: QTK - Quicktrak

GreatPig said:
Noticed this back on the air over the weekend and managed to get a small parcel yesterday morning for 13 cents (wanted more, but couldn't get it before the price moved too high).

Sold late this morning for 22.5 cents, a gain of 73% in a day and a half :)

As Oliver once said: can I have more please? :D

It's currently sitting at around 19 cents. Not sure if it will take off up again or stagnate now, but I'll keep an eye on it.

Cheers,
GP
Click to expand...
I have a few of these still.....they had a 100...to 1....I had 223000...now I have 2230....but they only owe me $600....so I shall get my money back at least......in the meantime I shall hang in there for a while
 
Re: QTK - Quicktrak

After easing off for a bit, it's jumped another 30% odd today so far.

It had been rising gently for the last few days, and I'd planned to buy back in this morning.

Unfortunately it was already up 30% when I first looked at it today :banghead:

GP
 
Re: QTK - Quicktrak

Can someone please explain what has happened to qtk?
Was it taken over?
Why the sudden surge in price?
well apart from yesterday's fantastic announcement
The last time I checked qtk it was well under 5 cents...

I hope its onwards and upwards... from here.
 
Re: QTK - Quicktrak

No idea of why it's jumped up, but I think it needs to be watched very closely if you're going to trade it right now.

Cheers,
GP
 
Re: QTK - Quicktrak

As a matter of interest....

QTK just signed a, up to, $380 million contract (over 5 years) to supply their special modems/transponders and network for Beijing in time for the Olympics in 2008.

Does anyone think these potential earnings will impact positively on their share price?? (That assumes anyone ever hears about the sale)
 
Re: QTK - Quicktrak

I am surprised the mainstream media didnt pick up the story about the 380 million deal. I think its an amazing achievement for a wholly owned aussie company. I bet the next stop for big sales are in the US. But I wish the day traders would give this stock a chance to consolidate the great gains in the last two days are awesome. I hope the new board and management really look after the share price. A lot of people have been burnt by this stock in the past. But yesterday's announcement was really inspiring to read.
 
Re: QTK - Quicktrak

GreatPig said:
No idea of why it's jumped up, but I think it needs to be watched very closely if you're going to trade it right now.

Cheers,
GP
Click to expand...
I would much rather hold and watch it grow!
 
Re: QTK - Quicktrak

I agree with GP re timing.

Lot of exuberance.
These sorts of parabolic rises are normally short lived.
Sure news is excellent but true value of QTK is still a guess.

It has a habit of burning investors---thats why you'll see a lot of day trade action--no one wants to hold it for long periods.
 
Re: QTK - Quicktrak

very good buying opportunity

Author: IAN PORTER, JAMIE FREED
Date: 13/09/2005
Words: 662
Publication: The Age
Section: Business
Page: 4

QuikTrak on road to riches with $380m deal
ONE of the smallest companies on the stock exchange has landed the biggest Beijing Olympics contract yet won by an Australian company - a $380 million deal to install a security and monitoring system.

Share in QuikTrak Networks rocketed up 66 per cent, or 13 ?, to 32.5 ? after directors reported the deal to the exchange. The contract, signed with two Chinese companies, is worth almost six times QuikTrak's market capitalisation before the deal was announced.

"We're pretty excited," managing director and major shareholder Mark Pallister said. "It's just a massive market."

The China contract was the first big development since Mr Pallister took control of QuikTrak last September after it had fallen into receivership and was suspended from trade on the stock exchange. The company makes a secure telecommunications system that uses low-frequency "spread spectrum" technology that cannot be jammed like telephone-based systems.

Under the China contract, QuikTrak will expand the demonstration system it has already installed in Beijing to increase its coverage from one-third to the whole of Beijing.

It will supply an initial 3.5 million transponders to be attached to various assets and will also provide monitoring services in return for a residual fee. -- IAN PORTER
 
Re: QTK - Quicktrak

Fundamentally its looking strong.

Technically its moved up very fast and normally the market will take stock and find a true value.

If your in it and have been since 10-13c then fine----enjoy.

If your looking at it I'd be a little slower in buying. It may correct to a better price.
Certaintly the market today is not falling over itself to buy!

But thats me if you want to make a takeover bid go for it.
I do like it fundamentally.
I've also liked it in the past however this time it looks like fact rather than rumour.
 
Re: QTK - Quicktrak

Be wary of this one. The contract for the Chinese Olympics was reasonably well known prior to the announcement and was for several weeks. Watch for Directors selling - a possible signal that the music may be stopping.
 
Re: QTK - Quicktrak

yikes almost touched 40c, think i'm going to have to take this off my watchlist too painful :D
 
Re: QTK - Quicktrak

Sorry to disappointment you but it did hit 40 cents...
It's looking hot.
How many companies out there are trading over 50 cents with no deals.
QTK is turning a corner stone a new leaf...
 
Re: QTK - Quicktrak

tarnor said:
think i'm going to have to take this off my watchlist too painful
Click to expand...
Well I could ease the pain for you: all I'd have to do is buy some and that would stop the price going up immediately :D

Cheers,
GP
 
Re: QTK - Quicktrak

GreatPig said:
Well I could ease the pain for you: all I'd have to do is buy some and that would stop the price going up immediately :D

Cheers,
GP
Click to expand...

No need bought a parcel at 37.5c so expect a crash.
 

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