Most holders are sitting on a substantial paper losses...myself included.
To sell now would be to realise those losses.
Telco stocks like IIN, MTU and TPM have all more than doubled in the last year, where QFX surely hasn't.
You can bet that more than a couple of $ from QFX have gone into those stocks.
But will that contine forever...?
No...
Those stocks are now on pretty high PEs.
When QFX is looking like getting an E after it's P before Christmas.
That will change things significantly.
Then you'll see a few of the profits from some of those mid cap Telcos flowing into "the next big thing".
Quickflix.
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