You are right that people seem to be getting excited. There is no news and Monday 780K shares trade and Tuesday 1.2M shares trade and the share price close is the same - .063. That seems to me to indicate we may be close to a bottom, with maybe tax end year selling, but not panic selling. Maybe its the start of building a base.
Volume picks up at stock turns, Volume increases interest. Does anyone know why QMC traded over 1.2M shares today on no news? It sure doesn't say 'wait till next year' to me.
One last technical point. Elliottwave theory is not for everyone, but I looked at a QMC chart starting in 2014 until present, and thought I could see a corrective 5-3-5 3-wave pattern, which means it could be getting close to the start of an upturn. I just dabble in it, so FWIW, just sayin'.
"Successful investing is anticipating the anticipations of others."
-- John Maynard Keynes