For what its worth down days on heavy volumn have not been predictive of anything negative in the past.In fact just the opposite the stock has seemed to be purged of the weak hands and subsequently moved higher.However the price action has stunk lately for us longs, and with earings due out thursday it sure looks like someonthinks or know earings are bad.
I think everyone's freaking out at the 125k trade yesterday followed by a 100k trade. If you look at the amount of institutional holders of this stock you can only surmise that an institution dumped a block just prior to the earnings release. These wet-behind-the-ears institutional traders try to treat this stock like one of the large cap stocks where you can put out size without affecting the price. WRONG. In a few days they will see that they left AT LEAST $250k on the table, just like last quarter when they did exactly the same thing. Trying to hedge your bet just before earnings are released has burned many a rookie. Some people will never learn. Look at this as a buying opportunity. You heard it here.
Wet behind the ears institutional trader? Are you a drug addled surfer? Instit's pay for execution. If they want out they wouldn't care what happens in the wake. You are right about continuing liquidity problems in zqk.
But you should also take a look at margin pressure, rising S G & A, cost of sales as well as the ugly fall line.
Thats an excellent point and it that might be the cause.Right now its all guess work But i hate to be scared out of good companies and stocks without the benefit of news.Last i saw sales were good and psun.had a strong quarter. Best of luck.If i find anything intelligent to post that sheds some light , i will.