I know that at one point Port Phillip Publishing had recommended QFX. It would be interesting to know if some of today's trading is a result of a recommendation to their subscribers to exit.
I also note that after Jon Schahinger resigned he also started selling. The question is that since there is a constant replensihment of selling volume I wonder if it is GFI dumping the position for what ever the market will take.
There is alot of volume trying to sell, and it is continually being replished, but so to are the buyers, although it is clear that the buyers are starting to get exhausted. There appears to be a constant 3:1 ratio of sellers:buyers. It would be interesting to know who is buying as well.
QFX Price at posting:
2.5¢ Sentiment: None Disclosure: Held