flushing out all the weak hands, page-33

The relentless selling of NKP was indicative of the time during the GFC when Opes Prime collapsed and shares were hammered out to the market.

Today is another green day for the ASX so there is no reason that this sort of selling is continuing.

Only explanation is that there is one or two large holders (small institutions perhaps) that are getting out.

The 15cent support is the main one. The 16, 16.5 and 17c support have all been churned through. Trading volume has been higher than average however lack of real buyers is going to see the share price thumped.

Once the dump stops (or when the momentum of selling slows) NKP could see a technical rebound (no doubt the long term holders will think that something is on the horizon) which can make you 25-30%.

This is what you get for talking about a "JV resolution" then coming out with crap all resolved. Mining license is good but too many hurdles to go.