As previous posts have said, the QAN share price may only go up after the announcement - with the view that the worst is behind them, people are thinking that the company is indeed undervalued and may be a good BUY & HOLD contender. Looking at the sheer volume of shares traded from 28/8, it may well be hedge funds jumping in for a taste.
Again not all investors interested in QAN would jump onto PPRUNE to have a search. We follow trends, if a technical trader, and balance sheets if fundamental. Both of these suggest a severely undervalued company to investors. If the share price hits its 52 week high of $1.52 and stays for a period, we will see a lot more buyers from the technical side jump in (search Darvas Trading).
My hope is that AJ doesn't get support from the punters after seeing this. And a bonus on top of his already mind blowing $5m salary. Cant he just be like Warren Buffet: manages the best of the best - Berkshire Hathaway, but pays himself only $100 000 salary a year. Imagine AJs face
