The MMs are simply doing what they do and are finding a price at which the scared are selling and investors want to buy. They make better commission from the increased volume, and they know that puting the price up when there has been no knews for many months is not going to do it, while reducing the SP is. AIM is no place for the feart.
IMHO I don't think this drop in the share price is anything to do with bad news coming from Quadrise. If you check the world markets you will see they are all taking a heavy knock today and most shares are tumbling as a result. At least Quadrise should still shine through in the end because, as they say, in hard times our MSAR should be even more in demand due to cost savings.
Well this is benfitting me slightly after a slight gamble to reach my 1m QFI shares. Whilst most things are down I should hopefully hit some good news in a couple of other thinsg before this picks back up. which should enable me to acquire more of these than I thought, still some to go before the magic 1m though.
Reading the boards over at WRN (havent invested unfortunately) it made me think about the eventuality of QFI being bought out....when this happens it will be surely valued in many £'s / share, what a day that'll be ;) CHINS UP GUYS
Can't help feeling that the IEGAG winding up, despite the various lock-ins etc has had a major effect on the share price. Since the announcement the shares have drifted lower with effectively a cap on the share price due to the overhang of 25 percent of the shares now held in the hands of IEGAG shareholders. Couple this with the downturn in world economies and a sharply lower oil price then until we get positive news flow then the sp will remain under pressure. Todays fall is probably overdone but 35 pence will be a significant barrier to the upside in the near term.
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