QTWW Bounces Back

Quantum Technologies (NASDAQ: QTWW) continues to gain notoriety in the market as a potential hedge against soaring fuel prices and a diversified investment into the alt-energy space.

The stock has been in for a wild ride since bouncing off of its 52-week low of $.37 and running all the way up to its 52-week high of $2.95 on 6/5. After retreating back into the $2.10 range last week, shares have rallied yet again and are now trading at around $2.55.

Despite having no earnings and being extremely tight on cash flow QTWW has inked a number of high potential deals in red hot industries including solar and hydrogen power. Quantum also recently disposed of its flailing Tecstar business segment, which was its only non-alt energy focus and would have buried the company in the not so distant future if operations continued.

I’m not sure if the market is betting on a future buyout from an auto industry giant or just simply enamored by Quantum’s diversified position in the sexy land of alternative energy. Either way, I still am not convinced at this point that the company is worthy of my $2.50.