Life,
I think you're right on the mark here. QEC is a high beta stock so it will move on any news both pos and neg. Since we really don't have any news right now profit taking is a good guess. Afterall, the sp moved quite a bit on QEC's most recient news. Don't expect any significant moves in sp unless the volume increases as we get closer to the horizontal results. As has been said many times in the past two years ,if you want to enjoy the ride... hold long and don't worry about the pullbacks. You will be rewarded.
BCQEC