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I'm just removing the high value.
http://www.tf2outpost.com/trade/10541791 - 3 ref - 6 days
http://www.tf2outpost.com/trade/10254310 - 3.33 - 2 weeks
http://www.tf2outpost.com/trade/10519574 - 2.66 - week + waiting
http://www.tf2outpost.com/trade/10572952 - 3 ref - 5 days
http://www.tf2outpost.com/trade/10620298 - 3 ref - 3 days +
http://www.tf2outpost.com/trade/10486416 - 3 ref - week waiting
http://puu.sh/2QDQx.png - 3.33 ref - waiting 5 days +
Conclusion:
Not at all a demanded item. Not even a page of buyers on TF2OP. Because it's not demanded, sellers are willing to sell at the current lowest price on the range (3ref); some sellers are willing to sell below the current price.
Selling for 3 ref
http://www.tf2outpost.com/trade/10541791
Waiting for 3.33 ref
http://www.tf2outpost.com/trade/10651596
http://www.tf2outpost.com/trade/10678665
Takes a long while to get 3.33
Link 2 has sold but that's the only one