real reason for kcg fall
You know it came to me stocko
OXR fell from $1.10 to 80c because the rights were issued at 80c so investors sold off.
KCG had a capital raising at 6c recently - the price was 10c therefore the fall will come as because it was so dilutive the investors with bigger holdings and the new shareholders at 6c (1/2 were mac bank clients) "sophisicated investors" will take those sort of profits like nearly 80% at 10c and still 33% at 8c and 15% gain if they sell at 7c.
Simply because it was issued at such a sharp discount.
Not any of my ramping - no one really takes advice off these forums anyway. So before you go blasting everyone for downramping face the cold hard reality
Price fall towards 6c = highly dilutive issue and therefore profit taking over the following few weeks.
Do you wish to respond to this post.
My sentiment is negative because
a) the company annoucements dont explain why it was 6c b) the last company accounts have raised cash flow questions c) the days ive kept quite has been the biggest selloff in terms of price falls and volumes traded - therefore my impact is not as you accuse. d) they should have issued intermediate annoucements over updates but havent
Now im sure anyone looking back will realise that i asked rational questions and i am not the one crying over spilt milk.
