pallister

This could go either way really - Im starting to have second thoughts. Initially i thought it was terrible news, have spoken with several traders on the phone tonight, lots of varying opinions out there. Pallister has done a lot of good work for qtk thus far, this news clearly leaked out to the market this afternoon and resulted in a 20% fall in the shareprice which is very substantial. Does this news warrant a 20% fall? Lets face it, it isnt uncommon for a director to face the wrath of ASIC and after all, the matter is unrelated to qtk. Im starting to think there could have been an over reaction and a substantial bounce tomorrow may be on the cards. Im still holding some but did offload half my holdings this afternoon.....