02-08-2013, 12:55 AM
One good sized fund visited NQ in Dallas this past Friday and spent several hours with the team. I introduced the fund to NQ and their feedback was quite positive. They are now doing a deep dive. I spoke with the lead analyst at the fund yesterday and he is quite excited about what they have learned. They do have trading liquidity constraints, so I do not expect them to buy more than 700K shares. A buddy at another fund said they have a $5M/day trading liquidity minimum, but they have done their first level of work and will likely engage as soon as liquidity upticks.
NQ is going higher.
NQ is going higher.