New 52 Week Closing Low: $2.03 Over 90% of the trades sold on the down tick today.
Closed at the lowest point of the day.
Ask volume kept showing up and accelerating at the end of the day, including two separate flashes of 500k sell orders at $2.15 and then at $2.12
I hope someone took advantage of that escape hatch where the stock rallied in 200k shares after confirming they aren't cutting the dividend this quarter. Since then the stock has lost 0.15 - or 3 years worth of dividends!
Today confirms that this is going to get much uglier.
Quarterhill Qrashes last longer than anyone ever expects. They are painful slow grinds. Much more to go.
And Brett and John are grinning as this will set their option strike prices well into the mid $1 range at this rate by the AGM.
Eat that full red candlestick Socrates!