QRX 0.00% 2.8¢ qrxpharma ltd

Well today was very interesting. Don't know what to think. On...

  1. 6,485 Posts.
    Well today was very interesting. Don't know what to think. On one hand, there was seemingly endless supply at 1.70.....but just as many buyers, none of who would place orders on to the board, but seemed to just be taking At Market. About 10 mins to go, the 1.70's finally dried up, and we got to 1.71.....then just before 4pm, trades of 20 or so shares took us all the way down to 164.5. There are buyers but they won't show their hand. The charting is very misleading, this is manipulation of the highest order. They were taking the sell orders all day, so I suppose it's a positive.

    Meanwhile, here's an article from Reuters. It's nothing we don't already know, but it does provide a sort of confirmation of the 25th, in a calendar you can't see without a subscription. The article has brought home just how big a gamble this is. Perhaps too much

    http://www.reuters.com/article/2012/06/20/idUS99199+20-Jun-2012+HUG20120620

    Does the FDA have a habit of nit picking and putting off first timers???
 
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