Bookkeeping: Adding to Quality Systems (QSII)

I have been waiting for this chart to resolve itself; there has been a very large base building and it could go either way; it appears Quality Systems (QSII) wants to break out. One word of caution, about 6-8 days ago we had a similar day like this where the hot money ran into healthcare and out of commodities, and that lasted 1 whole day before they reversed right back. But I like the chart, and the company ... and will increase this from a 0.3% stake to about 2.8%.


My earlier comment about the market has to be edited... which I did in the previous entry. Things are hard to call on the general market because the simple moving average (200 day) is in a completely different universe than the exponential. Most people seem to use simple so they could be avid buyers here whereas I am looking at a different road map. So if this market works higher this afternoon I'll reverse course.

Aside from the trio of NASDAQ, the most important hot money stock also says "buy here" as its bouncing off support.

Long Quality Systems in fund; no personal position