1) The lenders of the stock to enable the short selling are enabling an openly aggressive short seller make the stock worthless. Surly the lenders of the stock must take some sort of action. Either start buying more stock or cancel the lending agreement. Alternatively, they could sell the stock but it is currently lent out. Maybe they sell it to the short sellers to enable them to close out and take profits.
2) This is a well planned full frontal attack. Surely ASIC needs to investigate to ensure the integrity of the market. Either the management of QIN and the auditors have mislead the market or the short sellers are engaging in market manipulation.
3) As mentioned by other posters, there are a large number of 'new' posters reinforcing the negative view. Hottuna is an example. He/she has a history of downramping (on SHV).
4) There has been huge volumes yesterday and today. On the sell side are panicked investors plus new short sellers. Who are on the buy side? These volumes indicate some bigger players are buying. Maybe short sellers are taking profits. Will need to watch www.shortman.com.au
TFC Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
