KDR 0.00% $1.90 kidman resources limited

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  1. 534 Posts.
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    Shorters have been having a fieldday with KDR and PLS, with shorts being a good percentage of daily trades (https://www.shortman.com.au/stock?q=kdr) over the last few weeks. Given that the fundamentals of both KDR and PLS are very strong - preaching to the converted here I know (but just study the announcements whenever you are wavering) - and realise that this is not been driven by any real concern, but is due to a combination of China spot prices (coming down a bit - largely due to local cut-throat competition now that subsidies are on their way out there), Morgan Stanley bs etc, but significantly the desire by instos to get into these stocks and take from any retailers they can frighten. They have been late to the party. Hence the shorters. There is little we can do about it (apart from not sell out in panic), as they control the price at the moment. But the worm WILL turn - either when the shorts have their fill, or there is a positive announcement, or there is a general change in sentiment with Lithium stocks. Hold! And if you have the readies, BUY! KDR is a genuinely quality stock and I am pretty damn sure that is exactly what the shorters can see too. If you can weather the SP decline for now, you will be rewarded handsomely. Just needs patience!

    Good luck to holders
 
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Currently unlisted public company.

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