I sold my oppies at 37c.
Lower high´s, volumes declining. There is a huge amount of stock floating around held by short term traders, this can just as easily head south quickly.
Hope to pick up some options cheaper.
Insto´s won´t be looking at this based on a few holes. This is just traders at the moment. No doubting its long term potential, but for now, time to lock in some profits. Yeah, yeah, I said I wouldn´t do this after being burned on SIR and SFR, but IMO we don´t yet have results that compare to SIR or SFR.
Mind you it was perfect timing for KDR. A lot of traders had spent a few days on SIR and neighbours (MAT, BOA, SFX, BUX etc) and KDR announced these results just as traders were looking at locking in profits on those.
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