Ah look at that the old HC favourite line just because someone...

Ah look at that the old HC favourite line just because someone is bearish on a company they must of been burnt before, weak and 100% wrong.. Here the facts for what seems to be hundredth time.

1. Never lost a dime on QFX
2. Actually made a profit one quick trade on QFX about two years ago, think from memory something like a move from 2c to 2.8c.
3. Turn onlookers off? Yes and rightly so because over the past two years anyone who has been turned off have saved themselves some hard earned capital.
4. More than just a good point, QFX like many ASX penny dreadfuls survive from just one CR to the next, ASX needs to have more oversight on penny stocks and stricter criteria for remaining listed, likes of QFX should of been deslisted long.
5. No I'm not David Cannon.

Now why is it on HC those who put a lot of effort into ramping a stock daily don't get questioned as much as those who downramp or are bullish. Simple reason is obvious, they are highly likely already holding a significant loss and for some reason think that talking up the stock will somehow influence others to buy (which unfortunately some do) and that will push SP higher so they can break even and exit.

It's unfortunate that ASX doesn't follow US market system where all the rubbish penny stocks are pink listed and forced to trade OTC, that would clean up the ASX in one day .

It's also unfortunate that HC promotes the discussion and trading of penny stocks to such a high degree compared to ASX300 + companies and education.


Kat.