Big time holders have got plenty at 20c and they have bought some at 40c and made a news of it. That surely would have pulled in plenty of followers. In spite their average is 30c there about or even less. They may have been selling all along at a profit. Most of the stocks do test issue price some time. This may be heading to that. Big sellers will still be fine where as they will keep accumulating along the way. Pressing the prices lower so the week ones sell out. When this is all played out they will push it up again. Same game, second round. If the company starts making profits and start giving dividends then it will attract value investors who will stand up to them. Till then this is the way it is going to be.
I had a decent holding. Sold most at a small loss. Will be keeping a watch.
QFE Price at posting:
39.5¢ Sentiment: None Disclosure: Held
